Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: Barry Grossman who wrote (68846)	11/20/1998 10:31:00 AM
From: Jim McMannis	Read Replies (2) of 186894

Barry, I checked the charts. The difference this time is two fold. Up to september 1996 the stock was rising but at a slower rate than occured after September 1996. Up until the current move the stock had been in a sideways consolodation move. The other difference and more significant one is that the recent rise is much steeper than in 1996. At this rate it wouldn't take 4 months to get to 130. I'd be really surprised to see the price stay so overbought until 130. I'd expect a pullback soon... Jim

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