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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: Marc who wrote (3123)	4/13/1999 3:21:00 PM
From: Stocker	Read Replies (1) \| Respond to of 5927

Marc, It could be a mutual fund, hedge fund, or whatever, you can't be certain. Goldman could have one large seller or five small ones, who knows. Don't worry. Market moving buyers/sellers come and go. Sometimes you just have to sit back and let them do their thing. If you have conviction in ATI's prospects, use any dip to buy more. When this happens to a stock I really like, I see it as a "gift" from the market. Besides, from a contrarian perspective, ATI is potentially setting up for one heck of a short squeeze. All it would take is one good contract for cards or cable boxes. As for Intel, just came across this and thought some here might be interested: The Power of Intel By James J. Cramer 4/13/99 1:24 PM ET The power of Intel (INTC:Nasdaq) is reverberating through this market. Much of the profit-taking and selling you see is related to people unwilling to go home long ahead of this bellwether's earnings and conference call. Intel is one of the few stocks that has so much reach that you can't trifle with what it says. You can't say, "I don't really care what Intel says; I know the PC business is strong." Uh-uh. Too much credibility on the part of these gentlemen. You can't diss these guys. Plus, we have to be concerned that Intel, a quintessentially honest company (every time I write that, I get some lone-gunman emailer telling me that Intel lies up the wazoo, and all I can say to you on that is, "sure, and Lincoln was a crook") might not endorse the rosy scenario that we concocted, mentally, to dismiss the Compaq (CPQ:NYSE) fiasco. Intel can kill any warm and fuzzy scenario we may have in mind for tech (save the Net). Traders know that Intel can knock the market for a loop. So they sell stocks with the knowledge they can always buy them back tomorrow. What if they have to buy them higher? So be it. Too much risk to own tech through Intel. Period. I am long Intel. (If you buy Intel because you see it in my disclosure, please talk to a psychiatrist or a hypnotist to get you out from under my spell.) Random musings: Holland Tunnel Diner or RealNetworks (RNWK:Nasdaq)?? Yep, the old griddle exceeded 451 Fahrenheit again this morning, and that means I take something off the table lest the butter gets burned.