Ralph Acampora: Re: Re: 10/7/02 Monday Technical Commentary
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» Kirk - Re: Re: 10/7/02 Monday Technical Commentary
In response to message posted by mitelo:Chuckle... Yeah, you caught him! 
I wish more people would help me here keep track of these "famous analysts" so we have their words on record. Ralphy was sure not talking about DJIA 5500 back in 2001!
R.A. 10/7/02: "Could see 8900...or...could see 5500..."
Currently, the DJIA is at 7424 so he is saying it could go up 1,500pts or down 1,900pts so he is leaning to bearish.
BTW, there is a "slight" difference between Intel and Sun. Intel is a leader, pays a dividend and it is making money. Sun has none of these factors in its favor. http://finance.yahoo.com/q?s=intc+sunw&d...
Oh yes, SUN has a market cap of $8B now. Intel plans to SPEND about $5B on capital equipment this year. If Intel were worried about a Sun-like decline, it would slash this spending and let AMAT, NVLS, TER, ASML, LRCX, etc. go the way of Sunw. Of course, that is why those companies are slashing their workforce to match the waterfall decline in their share prices.
-- posted by Kirk
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