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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (2784)1/10/1999 8:37:00 PM
From: Investor2  Read Replies (2) | Respond to of 15132
 
Re: "You may want to wait to make the call on selling."

A post from another thread would tend to agree with you:

"With that said, we will experience a sharp pullback in the next 2 weeks, but it may not begin until later on this week. The pullback MUST take the Dow below 9380 before it ends, but we could visit as high as 10,070 to 10,092 during the first few days of this week before the drop occurs.

When that pullback below 9380 (but no lower than 8000) concludes, it will mark one of the greates long entry points of all time, as I expect the Dow will probably double from there during the next year, and probably double again during the next 3-5 years.

The DOW may travel as high as 54,000 during the next decade, but i will work diligently to pinpoint a more precise number between now and then."

Interestingly enough, the author of the above post was quite bearish several weeks ago.

Best wishes,

I2



To: Proud_Infidel who wrote (2784)1/10/1999 9:09:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
Brian: Yes, INTC does report this Tuesday and a blowout quarter is already factored into the stock. Anything less means pullback for INTC.

FWIW, Brinker does not own INTC anymore. He had it during the correction and sold it sometime between then and last week.

Most importantly, as far as the semiequips go, INTC will report its 1999 capex budget during this quarter's report on Tuesday.