Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.23

+2.3%

3:59 PM EST

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To: METMAN who wrote (4581)	10/26/1996 10:42:00 AM
From: Road Walker	of 186894

Metmen, I don't think fundamentals are driving the short term moves in Intel right now. The 116 high was just market euphoria over the earnings surprise, current support is 105; current resistence is 110. Within that range the Market Makers and put and call traders will take INTC up and down to their advantage until some news on fundamentals (or a overall market move) changes the support/resistence areas. The OEM's have their problems, Intel talked about the "turns" environment, which means these guys were ordering for immeadiate delivery, not for inventory. I bet they wish they had built inventory as in previous years. The good part is that when supply is short, they have the ability to maintain and/or raise prices. I'm not sure if Intel has the same flexability with it's pricing, anyone know if their vendor contracts fix prices into the future? If not, they could be in the position to basically sell to the highest bidder, with a real nice impact on earnings. John

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