Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.08

-3.2%

3:59 PM EST

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To: Jim McMannis who wrote (126351)	1/31/2001 2:25:37 PM
From: Elmer	Read Replies (2) of 186894

Re: "Technically, Intel looks like an easy move to 50 which would be between a 38% and 50% fibbonacci retracement of the drop from 76 to 30. This based on just a typical rebound..." Yes, maybe technically, but I think the market is using a different method of valuation now and Intel's fundamentals just don't support that kind of a climb at this time. EP

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