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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (1730)1/12/1998 10:34:00 AM
From: Wesson72  Read Replies (1) of 11051
 
Steve, some see penetration of the support in the low 70s as a very bearish indicator of a trend down to high 50s.

Here's what concerns me: optomistic analyst ratings.
10 strong buys
12 moderate buys
10 holds
0 sells
0 strong sells.

To me, this says that a positive earnings surprise has already been built into its trading price. Anything less will incite more selling and penetration of the floor at ~ 70.

I'm about to pull the trigger. I've suffered too much heartache over this one.
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