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

To: Paul Engel who wrote (64049)	9/7/1998 1:49:00 AM
From: Amir Shalit	Read Replies (2) \| Respond to of 186894

Paul, what you and others are missing is that the tech bears are running out of overvalued tech stocks. INTC, MSFT, DELL, CSCO, AMAT, LU, CPQ, GTW, XLNX, ALTR, LLTC and MU are about what's left from thousands of tech stocks that most are trading at book or even cash value. Some tech bears (like Mike Burke) made millions buying puts on some of these thousands that crashed. At this point it doesn't make sense to short NSM or AMD at or below book value so INTC becomes a much better choice. It's really not about which chip company has better prospects but which one will provide a better return on the short side. It's very reasonable that the best companies will be the last to fall but history is telling us that it happens. Amir