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Politics : Formerly About Advanced Micro Devices
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To: Paul Engel who wrote (67052)7/30/1999 4:05:00 PM
From: tejek  Read Replies (1) of 1573823
 
RE: << And your TA prediction on Intel's stock price was absolutely WRONG - Intel rising +$6 after you predicted it would drop.>>

Not wrong yet. Intel has tried all day to take out its old high and failed miserably in spite of above normal volume. As of 3:53 PM ET the stock was at 69 9/16, a little short (as in MHz).....so it looks like today is shot. Don't worry though, most likely it will have another go at the high with significant help from the very bullish (right now)semiconductor sector. But after a second failed try, then there is a problem. Investors don't like giving a stock a third shot at the title. More likely intc will sink back into its trading range for another 6 months. Unless, of course, koppafeel comes out early at 700 MHz.

Good trading.

ted
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