INTEL- Money Making Option Ideas for Small Investors Message Board

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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors

INTC 39.50

-1.2%

9:30 AM EST

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To: High Plains Drifter who wrote (53)	6/19/1997 9:27:00 PM
From: IQBAL LATIF	of 201

I think INTC should move higher, split and recent overall tech strength has by passed INTC so far. Anyone ignoring INTC and expecting market to move higher is wrong, if INTC stays at present level it will again try to check 141-2 and should comfortably bounce from there. It did try briefly to move up today but closed 1/4 lower. I am long INTC and will continue to do so until it breaks 140, even taking out of medium resistance of 145 is quite a task, but if does that it will try 141-2 for sure. I still think long 150's is a good short, entry should be the resistance point which market fails to break, the first is 145 and second 141. On the up side once it has couple of closes above 1481/2 it should move up to 151-2 easily. INTC is quite an attractive stock at 75 post split.

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