INTEL SUPPORT GROUP - the sky is falling!!!! Message Board

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Technology Stocks : INTEL SUPPORT GROUP - the sky is falling!!!!

INTC 37.04

-6.2%

Nov 4 3:59 PM EST

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From: Amir Desai	3/11/1996 1:53:00 PM
	of 248

Is it positive that INTC went up during Friday's 180 point nosedive.... ABSOLUTELY. My stockbrocker believes that Friday's close should give INTC investors an accurate picture of the downside risk given current conditions. However, the upcoming book-to-bill ratio could be negative, so traders could take the stock lower on the news. I do not think that MU earnings will have an impact on INTC. If INTC can form a technical base at the 53 level for the next couple weeks, we should see the stock rise to 58-60 by month end. This prediction assumes a book-to-bill ratio in line with predictions. A book-to-bill ratio as bad as the last one could take INTC below 50. KEEP YOUR FINGERS CROSSED!!!!!

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