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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: jack c rains who wrote (7539)1/7/1997 4:50:00 PM
From: P.Prazeres   of 186894
 
jack,

given Intel's resilience in the past two days, I think that more new highs are on the way this week. We tested the 141-1/2 area a few times in the past week and finally broke above that today on good volume. Maybe 141-1/2 may become short term support especially if INTC moves up a point or 2 tomorrow morning...although I would hate to see a gap on the upside...

Anyway, I still think that the low 150's is in store before the eearnings announcment. If INTC comes out > $2, then we may be off to the races again...1.80 to 2.00 may be followed by an initial spike and then some consolidation into the 140's.

Just some thoughts...heading in the right direction.

Paulo
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