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

To: Paul Engel who wrote (66049)	10/8/1998 12:11:00 PM
From: Paul Fiondella	Read Replies (3) \| Respond to of 186894

"Fiondella tucked his tail and scampered out of here..." No actually what happened Paul is that you in your other and real life got together with your Intel friends and made complaints to the webmistress who promptly banned me from this site for two weeks and then another two weeks. I believe that is how you control this web site isn't it? You get your friends to send complaints to the webmistress and she then just cuts the people you don't like off. You then claim they left because they couldn't handle your brilliant analysis. The truth is in your comment "if they still let him post there". Eventually Paul people will wise up to your cozy relationship with Silicon Investor.

To: Paul Engel who wrote (66049)	10/8/1998 2:00:00 PM
From: Burt Masnick	Read Replies (8) \| Respond to of 186894

All Intel investors: We are witnessing a near meltdown of investor confidence in the near and intermediate term atmosphere for equities, high OR low tech, financial, the whole kit and kiboodle. Based on five real or potential factors: 1) Market was valued for a "perfect" corporate environment 2) Japan, Russia, parts of Asia, Europe and South America in a tailspin with resolution still unclear 3) Unwinding of large, unwise, leveraged bets on currencies, derivatives, bond rates round the world by the hedge fund lunatics. 4) Momentum. When everyone is running toward an exit, people will get hurt and prices are headed down for sure. 5) Leadership vacuum (read Clinton presidency) Item 1 was a problem that probably had to hit. Stock prices (not every individual equity) had gotten too high. Now somewhat less of a problem although certain sectors are still richly valued. Item 2 is a longterm headache. Some countries have taken sensible steps to get their houses in order. Others have been in denial. Denial is usually not a good place to be so folks have to get slapped upside the head to get the message. The slapping is gonna get a little intense in the next few weeks. Not gonna resolve quickly. Now item 3 is at least finite. After a while all the hedge funds will get unwound. Item 4 is gonna overshoot down just like we overshot on the upside. Don't know how far, but the bad thing is that the tide will sweep good equity prices down along with the troubled equities. Explains why money just has flowed ceaselessly into 4.85% 30 year bonds. Item 5 is totally unpredictable. If Clinton stays he is real wounded and probably can't lead effectively. If he is removed (one way or another) will there be more special prosecutors hounding Gore on fundraising? The big question is whether we will see another Oh-Mi-Gosh 1987 style down 20% days. These things often (though not always) end with a bang. My guess is that there will be a bang. Things seem to happen faster in the markets these days so I see deranged volatility levels as the norm. So far at least, INTC has weathered this storm fairly well. But all the ballots haven't been counted yet. It could be that the next quarter results, when they come, won't mean a thing to the stock price for some time. Which may be an interesting opportunity. The market has predicted seven of the last two recessions. Business in the states is still quite good. Employment is high. We have a surplus so we have room for financial stimulus (tax cuts) if it comes to that. The fed seems to have woken from its multiyear slumber. Bottom line. Looks like a bear. Smells like a bear. Growls like a bear. It's a bear.