Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

Feb 10 3:59 PM EST

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To: williet who wrote (8094)	1/14/1997 2:47:00 PM
From: Joey Smith	of 186894

For those of you who think Intel will sell off even if they report good earnings, I wouldn't be too sure. Remember, this stock hit a high of $141.5 not too long ago, and went down not once but twice to the mid $120s, for about a 10+% correction. I know we're a bit above this now, but I think these last 2 corrections will prevent the stock from selling off much after earnings are announced. Anyway, I see an absolute maximum sell-off to $141.5, were there is very strong support. IMO, if earnings are greater than $2 and positive outlook, then $165 at a minimum within a week or 2. Joey

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