Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (72226)	9/18/1999 8:59:00 PM
From: Paul Engel	Read Replies (1) of 1572447

tejerk - re: "For those who like to short, intc broke its trend line earlier this month, setting it up for shorting possibilities:" The FABULOUS TEJERK TA ANAYLZER ! Hey - TEJERK ! Remember when you were hoo--haahhing your TA about Intel's inability to break through the $70 range just a month ago ??? Well - HOOOH HAAAAHH ! Intel is at $84 5/8 ! Paul {=============================} To: Charles R (66599 ) From: tejek Sunday, Jul 25 1999 3:27PM ET Reply # 66636 of 72280 Charles RE: " I covered my INTC short (yes, at a loss) and ...." You might want to reconsider after looking at the one year chart for intc. INTC hit a high of 68 earlier this month but then closed on Friday at 64 3/16. Not only did it not, in early July, take out its old high of 71 which is considered bearish but it has now broken through its 13 day MA and it looks like it may break its 50 day MA and trend line fairly soon, more bearish signs. INTC could be setting up for a repeat of its Jan to June trading pattern, a drop from 71 to the lower 50's. With tight stops in place, intc may be a great short in the next few months. Probably a sure thing if the K7 sells in any kind of volume. ted

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