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Technology Stocks : Intel Corporation (INTC)
INTC 36.26+0.5%3:59 PM EST

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To: Charles Skeen who wrote (37493)10/25/1997 9:11:00 AM
From: Charles Skeen  Read Replies (1) of 186894
 
FWIW: Decision Point (on AOL) went to a SELL signal on INTC as a result of yesterday's action. This came after some 408 days on the BUY side, an overall gain of 172%, and a peak gain of 241%.

Other SELL signals yesterday were BAX, KO and HM (Homestake Mining). Tech stocks that went to the SELL side in the past 6 days include AMAT, MOT, COMS and AAPL. CSCO (up 40% in 123 days) and MSFT (up 195% in 448 days) remain entrenched on the BUY side.

As I mentioned in my previous post, my interest in INTC at this point has been in looking for an entry point -- I certainly do not want to panic any longterm holders into selling. It is possible that selling INTC at this point would only lead to a whip-sawing, if the DP signal changes trend again. However, far from buying INTC at this point, my plan now is to continue to lighten up on my stock holdings (including REIT's) while identifying beaten down techs (e.g. LSI) for reinvestment later on a value basis.

Forgive my musings, ...Charlie.
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