Stockscom Report for Sunday Dec 29 2003
Publisher: Colin Alexander Editor: Ken Wilson
Subscriptions and Administration: Pierre Fichaud (toll-free: 866-487-9711)
With the surprisingly strong
move today on all indexes, we recommend buying back any Intel (INTC)
shares held short. The Philadelphia semi-conductor index, our barometer
for this trade, changed its minor trend direction to bullish and it
would be foolhardy to stay in the trade now. Also, it's worth mentioning
that the price move generated by AES today was a break out from its
range of the past two months. With this move today, additional shares
could be bought.
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