Balu,Re: "I do not think anything is wrong fundamentally
with Intel. In my many observations, it is very typical for the
MMs to play the stock high and then trigger the sell-off".
I want to disagree IMHO.
-this stock has had a forcefull rise,AGAINST, big cap tide moving downor sideways,AGAINST,the downgrade from No1fan Tom K. & No1 Merrill-Lynch: this indicates strength.
-Another one bites the dust (IBM; although, presonally, I think that the demise of IBM has been hailed somewhat prematurely: Merill- Lynch
has a target price of $150 !!##$$%%**; what gives?).Be that as it may INTC is one of the few big caps ( I can't think of another one now,can you)where analysts have upgraded it, most recently H&Q.
-with new target of $120,and all the big 401K money coming in, and
the limited availability of small caps,a significant potion of that money will go into INTC because of the safety factor.
-IMHO, INTC will slowly trend up to 105 in the next 10-15 days.It may never go to 93 again!!?? ggg.
TA |
