Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.76

+10.9%

3:59 PM EST

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To: Gabe Fernandez who wrote (3064)	8/29/1996 9:24:00 AM
From: BRIAN HUNTER	of 186894

BAD IDEA GABE! If Intel gets to 85 on decent volume then it probably is headed for 90. The recent low volume in trading may be somewhat misleading only due to the fact that all the pros have been on Vacation for the last month. Look for things to pickup in the next two weeks. I don't think there is much fundamental news to drive this stock anymore, thats why I am looking at it strictly from a technical point. I am concerned about it's recent high of 83 and change without confirmation on the technical side. This was the same type of divergence that was issued in the broader market in late June. I posted a message in Late July that the stock was ready to move and it did. Like anything else, there is some uncertainty. I'm not really bearish on the stock, but I feel you will be able to buy cheaper in the near future. Brian

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