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

To: TTOSBT who wrote (66821)	10/17/1998 9:54:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 186894

Short covering??? It didn't happen. I wish I could continue this discussion but frankly the evidence is there for all to read. People are selling the techs and selling the rallies. There is no short squeeze. There was no follow through rally. INTC did not rocket upwards as it would have in the past. About the most you can say is there was an options expiration. But that doesn't explain this Bear market activity in the techs (going down on really good news). I really wish it were otherwise and we had seen a real move up by INTC, MSFT, CSCO etc. etc. Friday. But that didn't happen. I fell sorry for anyone whose net worth is tied up in this market (with some notable exceptions such as the truly piggy Mister Baiter). The Fed just doesn't do rate reductions between meetings for the fun of it. There is something they know that we do not yet know. Like the mysterious Bankers Trust problems. This is a suckers rally. Sorry but I can't comment beyond that. Good luck if you are still long in this market. You'll need it.