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Technology Stocks : Intel Corporation (INTC)
INTC 48.26-0.7%Feb 5 3:59 PM EST
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To: jmac who wrote (6989)12/30/1996 10:40:00 PM
From: Wayners   of 186894
 
jmac,

I really think they invite Rodgers back so often because he adds spice to discussions. He can be relied on to take some off-beat position on many things. I think he is seldom right in reality, but they need somebody to play devil's advocate to get people thinking about the two sides to every coin.

On INTC, the problem from a technical side is a big slowdown in momentum from the 141 high. If you follow technical indicators like RSI you will notice that the momentum got up to an unsustainable high and has actually signalled a failure swing to the downside. This does not mean that the price will fall dramatically or anything like that, but it does mean that there will be a pause on the runup in price until the momentum adjusts downward and signals a buy signal. I think that this absolutely flies directly in the face of the fundamental position of INTC right now, but a whole lot of people follow the technicals and the indicators like stochastics and RSI, like it or not. Just my opinion.

Wayne
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