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


To: Nick who wrote (57168)6/4/1998 5:42:00 PM
From: Darren  Read Replies (1) | Respond to of 186894
 
Nope, he is still short. So he continues with his BS in the hopes of driving prices down every time CNBC gives him some airtime.

I think I saw that guy today. What a boob! Listening to him rant, you'd think it would be easier to just go take the plunge off the nearest bridge now, and forget about any long positions.

I can't think of someone I'd rather see short-squeezed. How can they, in good faith, give this guy air time? The entire market has been moving down in this "correction" and it just so happens that tech stocks with higher beta's tend to move more than the market in general. Big whoop. Maybe he's ticked he didn't buy back yesterday.

AMAT, INTC, LSCC, ALTR, XLNX and others are all down somewhere between 33-50%, but prove to me that the their earnings are going to decrease a similar amount, and then maybe you can rationalize the negative sentiment.