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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Pink Minion who wrote (13062)1/13/1998 9:15:00 PM
From: Zeev Hed  Respond to of 18056
 
Beavis, the turnips are rotting, but the tea leaves are still bearish for the first half.

I read trepidation from our friendly bears on the thread as to what will INTC earnings report will do their short positions. I would not worry, I think that INTC after trying to go over 80 (if it opens much higher than 79) will turn down and by the afternoon tomorrow, I think we might be back to our down trend. The report is really not that positive, not only it is less than last years, they feel that next q sales will be even with this q and margins will be lower, that cannot be too positive. You must say one thing for those guys, they are still increasing their capita budget ands they have spent $3 billions in untaxed dividends to their share holders, not a bad deed.

Zeev