Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Wisdom who wrote (64369)	9/10/1998 9:52:00 PM
From: Barry Grossman	Read Replies (2) \| Respond to of 186894

Gary, Some musings, In retrospect, I think that the Intel longs will see that the timing of the Intel preannouncement was fortunate in that it occurred the afternoon after the market had a day to react to the delivery of the the Starr report to the House. The fact that the President of the United States might actually be impeached became real and the market took this uncertainty as it has all the other uncertainty that it has faced in the last few weeks - it sold off big time and went oversold once again. So, along comes the first piece of really good news from one of the world's major corporations and what will be the short term effect? Prediction - Money flow into INTC will be at record levels because of money looking for a home in the market with an investment that might be showing good growth in spite of all the negativity. If Intel looks like it will continue to show growth in the coming quarters, as it is becoming clearer that it will, momentum will shift to INTC, which at closing is 23% off it's alltime high. With many media types and interviewes proclaiming that earnings from many companies going forward will be flat at best, hearing this good news from Intel will cause many to reassess their negativity and buy the stock. The traders will join in too as momentum shifts to INTC. Then there is the money that will leave the bond market seeking a better return than the current yield. Prediction - we will be in the 90's again soon if not tomorrow. New highs in October. JMHO. Barry