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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Barry Grossman who wrote (46534)	1/27/1998 5:08:00 PM
From: Diamond Jim	Respond to of 186894

Giant, who is the giant ? Message 3273610 jim

To: Barry Grossman who wrote (46534)	1/27/1998 5:38:00 PM
From: Road Walker	Respond to of 186894

Barry, re: INTC/Markets - My VERY humble opinion I'm still working on the assumption that the markets are trading in a range, four or five days mostly up followed by four or five days mostly down. My guess is that when we do break out of this pattern it will be to the upside, but I'm trying not to anticipate this but waiting for a direction to be clear. I also believe that the sentiment has changed towards the tech stocks. Recently the Nasdaq has been outperforming the Dow in eqivalent points, the earnings of the majors were mostly very good, reports of sales don't show any of the slow down that was (as always) predicted. The techs were LEADING the market down for months, not the case anymore, which is a good sign. IMHO, it may take one more quarter of above expectation earnings before things can really take off. The street mantra right now is that earnings growth will decline in 1998, I'm not sure that will go away without being proven wrong. The good news to me is that downside risk in the major techs is very limited at this point. Unless something happens out of the blue, I don't see the techs going down too much from here, low risk on the long side. As far as Intel, I'm currently an investor not a trader, but I think we have seen the last of the lower 70's. All is JMHO, John

To: Barry Grossman who wrote (46534)	1/27/1998 5:38:00 PM
From: Bazmataz	Read Replies (3) \| Respond to of 186894

Just saw ticker INTC at 77???? This was on CNBC at 5:34pm. Anyone know what's going on? Is this an error? Is this an aftermarket trade? BC

To: Barry Grossman who wrote (46534)	1/27/1998 5:47:00 PM
From: Ibexx	Respond to of 186894

Barry, You DON'T want to hear a chorus of upgrades for our favorite stock--INTC; usually, this would mean the stock has peaked. The institutions would only issue BUY recs when they are almost done with their inventory-building. The game works in the reverse gear--remember? Ibexx PS: In March 1997, shortly before the networkers debacle, there were 34 Cisco BUY recommendations in a week. My NY broker advised me to sell immediately.

To: Barry Grossman who wrote (46534)	1/27/1998 6:28:00 PM
From: Mohan Marette	Respond to of 186894

Barry: Like I said somewhere else before, I call this phenomenon the 'belated January-effect' as we never had one. Also note fund managers were all in a holding pattern and now that they know a bit more about the Asian thing,looks like they are coming back in. I also read somewhere that one of the Fed governors (?) out in California saying in a meeting of some sorts that he thinks the technology sector looks like it is going weather the Asian turmoil.He also said Q4 results was an indication of this since the trouble in Asia actually began with Thai Bhatt devaluation some time in August. He further added that pc sales in the U.S was robust and europe would be even stronger in 98 than 97. Overall good vibes from various quarters. As for upgrades,you know they always start upgrading a stock once a stock almost reaches its peak leaving not much room for the 'little' guys. I expect them to upgrade Intel when the stock reaches $90.00.