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limtex

08/31/04 12:48 PM

#289988 RE: TJ Parker #289953

my guess if INTC announced that they have found the secret of making gold and that their revenues were up 100% and earnings 1000% and guidance was higher for the next ten years and that they had also totally eliminated inventory and that margings were going to improve for the next ten years....the stock would tank and the market with it<g>......an analyst would work out that there was some silicon in their products and the slightest sniff of silicon is enough to tank a stock.<g>

Dr Stoxx

08/31/04 1:26 PM

#290022 RE: TJ Parker #289953

Agreed...I played the last mid-Q on INTC and it went nowhere but down the next day...and so on for several days. And the chart clearly says further downside ahead, having broken a bearish flag formation today. Target about 19.85.