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

To: Jim McMannis who wrote (61802)8/4/1998 9:40:00 PM
From: Elmer  Read Replies (2) | Respond to of 186894
 
Re: "I'm hoping for a sharp down in the morning in order to buy with both hands. May or may not happen...as the 200 day simple at 8467 is sometimes enough support....
Take your best shot. "

No shots here, but I'm curious, what will you be buying

EP



To: Jim McMannis who wrote (61802)8/4/1998 9:57:00 PM
From: exhon2004  Read Replies (3) | Respond to of 186894
 
Jim or anybody:

I know this is an Intel thread but Intel isn't immune from the general economy.

Let's list the positives:
- Long bond rate down to 5.63 with no reason to expect an increase.
- Inflation is benign.
- Federal budget looking at a 60+ Billion dollar surplus.
- 34 of 50 States in surplus.
- Continued corporate buyouts indicating corporations still see buys.
- U.S. productivity highest in the world.
- Corporations are flush with cash.
- Balance sheets of major corporations in great shape.
- Reduced costs for companies that source product in Asia.
- U.S. Technological leadership.

I'll start the negatives:
- Asian currency devaluations, (especially Japan).
- Slowing corporate earnings growth.
- Declining confidence in U.S. political leadership. (Personally I'd
score this in the plus column, but it's a short term negative for
the market as it creates uncertainty.)

On balance, I think the market is overreacting and I will put more money in sooner rather than later.

Best regards,

Greg Gimelli



To: Jim McMannis who wrote (61802)8/4/1998 10:01:00 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Jim, re: "I'm hoping for a sharp down in the morning in order to buy with both hands."

When you are trying to catch a falling knife, always make sure you are wearing gloves(protection) on "both hands". I have mixed feelings: 1) I don't see much support before an additional 10% (dow) downside; 2) Hard to bet against a market that has enjoyed summer corrections and reversals.

Still, this *feels* like a bear.

John


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