Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 161.46

+0.6%

Oct 31 9:30 AM EDT

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From: tree_toe_bandito	9/29/2008 4:35:50 PM
	of 6180

Fruit basket? I thought I was describing the stock market, but it may apply to the Congress. If anyone cares, an analyst cut his target for TI from $29.5 to $25 a share. Seems like a plus rather than a big minus. The problem is the charts. The stock is big time oversold, but there is no letup in the downside pressure. We might see a relief rally if the "bailout" bill finally passes, but it is not likely the relief rally will turn into an uptrend. I don't think this is a good time to be short. A relief rally would be big enough to cause some pain. Good news: Gasoline will soon be $.25 a gallon Bad news: No one will have $.25

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