Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.59

+2.2%

10:41 AM EST

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To: Joey Smith who wrote (47040)	2/3/1998 1:09:00 PM
From: Gerald Walls	Read Replies (2) of 186894

Where do you see Intel going before next retracement/consolidation? I'm long term with INTC and won't be selling any, but here're some points to ponder. From "How to Make Money in Stocks" by William J. O'Neil, Chapter 10 "When to Sell and Take Your Profit", Section "Other Prime Selling Points" (page 103-106): 3) If after a stock's price is extended from a proper base, its price closes for a larger increase than on any previous up days, watch out! This move usually occurs at or very close to a stock's peak. 4) The ultimate top may occur on the heaviest volume day since the beginning of the advance. 5) Sell if a stock advance gets so active that it has a rapid price runup for two or three weeks (eight to twelve days). This is called climax (blow-off) top activity. 11) When it's exciting and obvious to everyone that a stock is going higher, sell, because it is too late! 12) If a stock that has been advancing rapidly is extended from its base and opens on a gap up in price, the advance is probably near its peak.

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