Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 39.38

+6.7%

Jan 2 9:30 AM EST

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To: Richard Tuck who wrote (38254)	10/29/1997 3:07:00 PM
From: Petz	of 186894

Richard, very well thought out analysis that I agree with entirely. Also, technically, 81 is a very key level for Intel, its 200 day moving average. It closed below it on both Friday and Monday and my gut feel is that it won't hold. On the overall market, I didn't find Greenspan very encouraging this morning. Basically, he said that we're not going to help Hong Kong defend their currency, which basically means that their interest rates will go up and their stock market will resume its desent. As for US monetary policy, he'll tighten the first whiff of inflation, which might just be random noise in some future economic report, or possibly an external event (witness: Iraq). Deep in his heart of hearts, he still thinks the market is overvalued (IT IS!) and he'd like to finesse it into an orderly decline. Petz

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