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To: DavidG who wrote (29639)3/7/1998 11:05:00 AM
From: TREND1  Respond to of 53903
 
Larry !!

Warn David about INTC.ÿ There is strong pressure downward on this stock from the conversion of INTCW.ÿ Last trading day for INTCW is 3/10.ÿ INTCW expires 3/14.ÿ This is causing an extra 78 million shares of INTCW to be on the market place.ÿ He should AT LEAST have stop loss orders go in with his purchase.ÿ Strong suggestion to wait until 3/11 before purchase.

The old Intel bounce has been missing!!!ÿ Historically when INTC drops it recovers ~50% of drop by the next day.ÿ It may resume a down trend after that.ÿ THE BOUNCE IS MISSING.ÿ This is the result of the dilution by way of INTCW.ÿ When downtrend continues IT WILL BE HARD.

Gersh