Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 176.29

+0.1%

Dec 19 9:30 AM EST

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To: bhuvanarama who wrote (1948)	10/30/1997 7:43:00 PM
From: Vijay Raghavan	Read Replies (2) of 6180

I donot have any position in TXN now. However it is right now sitting on its 200 DMA (around 102). If it breaks down and goes to 95 range it is bearish and dangerous to buy. It has to hold around 102 and bounce back. It it breaks the 200 DMA I believe that the next support is around 80. Due to lack of proper telecom infracture in countries like India,China cell.phones is the only way and it will be the last thing to get affected even if there is a recession .

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