Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.86

-4.1%

12:35 PM EST

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To: Paul Engel who wrote (42986)	12/21/1997 12:31:00 PM
From: Dennis	Read Replies (4) of 186894

Paul and All, IBD article IBD article dated Saturday, Dec. 22. Page A3. Any thoughts ??? Man, this article scares the HELL out of me because I have to agree with it. Very bearish for those who do not get IBD. Intc trading in the 40's soon because of 1. lack of follow through on breakouts, 2. failure to rally from sell-off lows, 3. Running into overhead price resistance, 4. Breaking down from earlier price support levels. Ralph Acampora looks for 20% correction in market sometime next year. Andrew Addison, Stan Weinstein bearish outlook for intc. Yes, I know. Another trash story from more "experts" but one point cannot be overlooked..... growth has slowed in the past four quarters from 118 to 116 to 56 to 19%. Next quarter should be around 16%. Very bearish for msft and cpq also. :o( Is this normal when intc has a product transition ?? I would just as soon sell now and buy back in a few months and avoid the decline as much as possible. HELP, Dennis BTW, Happy Holidays. :o)

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