Thanks for your message,
Yes, to all those who responded, I really am 17. I'd like to point out that the technical analysis on Intel will most likely contradict its action. I see it as a fundamental stock because its earnings report is coming out and there is also the possability of a stock split. Remember how Microsoft went up more than 22 pts. when they announced the stock split? Well, I see Intel as a large question mark. As for the short term speculators, they are saying that its support level will change if it penetrates the 130 level; I'd like to say I realize that the 25 day average dictates its action(I realize that)...but also that it has penetrated it before and came right back as a winner. Also, the pattern I see is an ascending triangle. This a possitive sign. It is waving up and down right now, but each succesive trough is higher than the last. It looks to be upwards pressure stopping its drop. And for those who talk about a selling imbalance; I have to remind people that those who are selling in numbers will be coming back in shortly. The large mutual funds need this stock, and those looneys like us who still buy in also drive it up(It had the highest volume of any stock many times in the last many weeks including when it went up on some days). So, in my oppinion, the earnings report is KING; the stock split is KING; the long term upwards growth is KING. For those who worry about short term, Intel is not mostly short term. If you want short term, try the following:
1.>Aksef 2.>cscc 3.>orcl 4.>mu 5.>ca 6.>chk 7.>zitl
~Ryan |
