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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (1764)	1/15/1998 4:45:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Berney; RE:" INTC battle of the bulls and the bears..." Berney, INTC has broken a major DownTrend line this week, and it is normal for a stock to "pull-back" to a broken Trend Line and gather itself before proceeding on a new Trend. The only UpTrend in INTC at the present time has a floor at about ~72.5 and a ceiling at about ~78, which is also the 200 day (exponential) Moving Average on my chart. FWIW, I am expecting the NDX.X to pause around here; any rally should "spike" and be met by profit-takers for a few sessions. My current estimate of NAZ-100 resistance levels: 1038 1027 1006 1000 <<996,37>> last I'd be surprised to see INTC hit ~72.5 again, but at present my GTC buy orders are spread out at 1x74.5, 2x73.5, 3x72.5, 4x70.5 and 10x67.5 triggers. -Steve PS - I'm flying back to Paris tomorrow and will see y'all next week.

To: Berney who wrote (1764)	1/15/1998 11:11:00 AM
From: Intel Trader	Read Replies (1) \| Respond to of 11051

Berney, if anybody can say anything about Intel, it is that Intel is the ultimate-sneak-attack stock. This morning in London it traded down around 3/8, opened down here and has been climbing since. No idea why. For you Euro players, you've probably heard this (I got it via Bloomberg TV this morning): A high roller analyst (didn't catch name) from a UK bank stated that Asian companies borrowed heavily from Euro banks. The banks have heavy reserves, and should be able to withstand the current debacle in Asia. The thing that caught everybody by surprise is that (as we all know) that reporting and disclosures of these loans by Asian companies was insufficient and was a contributing factor to the mess. Second, should China depeg the Hong Kong, in the administrator's words: "Unimaginable consequences" would occur. What do these things lead to? IMO: Asia continued weak, Euro to be impacted, and the whole thing doesn't begin to clean itself up until WAG July/Sep 98. We'll likely see some major buying opp. The first one could be caused by that nasty rumor that Iraq used nerve agents on their prisoners -- poo poo on them for it, ergo lets shoot a few Tomahawks up Saddam's butt again (just a warped couple of thoughts). Best wishes!! it