Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 49.25

+0.9%

Feb 3 3:59 PM EST

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To: Ryan M who wrote (7015)	1/1/1997 1:19:00 PM
From: jmac	of 186894

The triangle pattern gets broken on thurs if intc closes below 131. If that happens, we should re-test 126 3/8. However, I will be a buyer of some lo-cost calls if intc gets to 130 on thurs. i will put in a stop if intc gets below 128 1/2. with respect to tax selling and year-end aberrations in stock prices, there was no reason for selling intc at year end in 1996. tax selling at year-end in done to take tax losses. intc does not qulaify as a tax selling candidate. so, i am not sure year-end has anything to do with intc stock performance. p.s. i am in for the long-haul on intc and believe it is the best company to own stock in for 1997.

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