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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Michael Rich who wrote (23277)2/4/1999 4:19:00 PM
From: Jerry Olson  Respond to of 50167
 
LOL

Mikey, whew!!!!! i'm tired??? sheesh!!!

anyway did you see DELL??? EGGS??? INTC??? yeah this is getting very interesting...

anyway i bought and sold the OEX 3 times today, hehehe...the NAZ looked bad!!!

INTC coming into a buy here...



To: Michael Rich who wrote (23277)2/4/1999 4:30:00 PM
From: Judy  Read Replies (3) | Respond to of 50167
 
Market could stay weak if tomorrow's economic numbers are strong, market is selling off in anticipation of that. Nothing has changed fundamentally for INTC but the SOX got overbought and the market context got a tad shakier.

Kurlack took advantage of sector and market conditions to downgrade AMD and INTC. My observation is Kurlack downgrades INTC when it is close to top of trading range so momentum does not cause a breakout, since he missed the call 50 points ago. AMD is a given, announced after the Kurlack downgrade that it may have an operating loss for the quarter. So Kurlack gets brownie points for making a correct call, quite a coincidence. Give me a break.

Might be prudent to let the NAZ settle before adding to INTC, it's a market call. But one could add during options flux when INTC is moved to clear out various strikes, if one had faith that the semis have begun their growth period.



To: Michael Rich who wrote (23277)2/5/1999 4:27:00 PM
From: Judy  Read Replies (2) | Respond to of 50167
 
Re: "Imagine one went short EGGS and long INTC from yesterday."

Could work out, Mikey.

AMAT, claws its way back to 60+. Hope it spends just a few days next week clearing out strike 60 and then moves on to clear strike 65. Mikey, please confirm the block action today during the panic.