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Technology Stocks : Intel Corporation (INTC)
INTC 39.51-3.1%Dec 11 4:00 PM EST
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To: Paul Engel who wrote (49749)3/5/1998 1:57:00 PM
From: LJM  Read Replies (4) of 186894
 
Micheal Murphy, who is editor of the California Technology Newsletter and Fund was interviewed on CNBC earlier. He is a buyer of INTC under 75 and a very heavy buyer under 72. He believes INTC will hit 120 by year end and that the inventory problems in the channel will sort themselves out by the end of Q2. Personally, I don't think much of Murphy as an analyst. His biotech picks have non-performed and his High tech picks seem to always be badly timed. Thought I'd pass along his remarks, anyways.

For those of you technical analysts out there....what do you think of the current chart pattern. Bill Griffith thought it looked like a head and shoulders pattern forming? I'm not savvy enough technically to say, but curious what the pattern does indicate. I've been long since July 73 and will remain long, regardless. LJM
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