Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TGPTNDR who wrote (28216)	2/1/1998 1:43:00 AM
From: greg nus	Read Replies (1) of 1572635

Tgptndr. Hang in there (short Intel). Intel's rally bubble burst last Friday at 9:30 EST. Concurrent with Greenspans testimony before the US House of Represenatives, House Oversite Committee on Banking hearings on Asia. Greenspan things a slowdown is on the way. February is noterious for market pull backs. For Example look what happened last year. Intel dropped from 80+ to 63 the year low from Feb 1 to April. Here is a Picture of it. investools.com Also note Intel was technically stronger last feb than this feb. It traded much higher above it 200day moving average. Chart shows 20,50 200 day lines. With a stop at 84 you may still get the better of the short. Good luck.

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