Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 194.43

+2.5%

3:59 PM EST

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To: pat mudge who wrote (3619)	5/22/1998 1:50:00 AM
From: John	Read Replies (1) of 6180

I don't claim to be an expert when it comes to looking at the charts, but it looks pretty clear to me that there is support at 56 and again at 52/53. Both of these supports look pretty strong. Especially the one at 52/53. I guess the real solid support is at 40, but I doubt it will reach that. The stock tried a couple of times to break out above 56 today but failed. The last couple of days it's been hovering at 56. After closing today at 55 1/16, I'd say it's on the way to 52. If the market continues to look weak, I'd say definitely 52. Then I'd back up the truck and load up! Just the opinion of an amateur investor. I'm interested in anyone else's opinion. John

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