Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.38

-1.3%

Dec 22 3:59 PM EST

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To: vinod Khurana who wrote (39633)	11/8/1997 6:05:00 PM
From: Lee Penick	Read Replies (1) of 186894

V.K. Re - "Hopefully the SUNW announcement will prop this stock up nicely on Monday....my short term target is $84 - $88..then its time to short it for the path down to mid $70's." Your statement looks like quite a TA/chartist call. I've never been a Technical Analysis or chartist person. Read too many studies that say it is BS and benefits if any, do not pay for the transaction costs. "A Random Walk Down Wall Street" is an excellent book on this topic. But, given evidence, I am open minded and willing to change me opinion. Does anyone here have a history of success with TA, over a time period that indicates more than just luck? Lee

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