Should be an interesting day...

[ixl]

After hours last night, Intel issued a fairly benign warning, saying earnings in Q2 would rise 3-5% instead of the 6-8% expected.
The reaction? In after-hours trading INTC is down 20%! In return, all the other tech stocks are being dragged into the dumper, reflecting the importance of Intel in this sector.
Seems like quite the over-reaction to me, but it shows just how much of the value of these stocks is tied up not in reality but in the expectations of high growth going forward... forever.
At any rate, should be an interesting day to watch the markets..

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Charles M. Kozierok
Webslave, The PC Guide (http://www.PCGuide.com)
Comprehensive PC Reference, Troubleshooting, Optimization and Buyer's Guides...
Note: Please reply to my forum postings here on the forums. Thanks.

[Son of Zeus]

ixl,

yes indeed. We live in interesting times. Many posts around the traps voicing annoyance at how Microdollar & Intel have too much sway over investor decisions.

But I also remember the advice that my dear departed grandfather whispered in my ear just before he left this mortal coil: "buy low, sell high". And damn it I think he's right.

So if they want to unnecessarily dump tech stocks & drive down their value I may have to take my grandfather's words of wisdom & buy them on their way down & sell them on their way up.

Cheers.......Son of Zeus.

P.S.
As I hinted at previously it seems that Intel yet have some wild cards left in their pack. Such as? Such as transitioning the Celeron directly from a 66MHz FSB to a 133MHz FSB very shortly. Bet u didn’t see that on The Intel 2000-2001 Roadmap. But my spies out there, the ones who prefer to say hidden in the shadows, inform me that more surprises may be in store from Chipzilla. More later.

[der King Mongo]

Yep, I think a lot of people are going broke, quickly, by playing the market. People who manage their own stock portfolios are, IMHO, basically participating in legalized gambling--some get rich, most do not. I believe in a good money market account: put your money away and forget about it.

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***He who eats when he is full, digs his grave with his teeth***