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Technology Stocks : INTEL TRADER

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To: vinod Khurana who wrote (4870)	12/17/1998 10:34:00 PM
From: MonsieurGonzo	Read Replies (2) of 11051

Vinid; RE:" INTC " >Intel 2-1 split to occur February 1999 when stock begins to stabalize between $130 - $140. I expect $160 within next six months....50% increase from todays levels. I suggest accumulating INTC while it is this cheap... First off, $130-140-160 is +20% to +40%, not +50% gain from ~115. ...my (weekly) charts for MSH.X and NDX.X are telling me to sell the hell out of everything right now, to the extent of taking out a six-month PUT on the index itself, with far target = MSH.X ~670. With regards to INTC, I suggest that the weekly chart shows an apparent top at ~116 +8/-5 and support starting ~10% lower. An Evening Star on the weekly chart would be confirmed if INTC closes near or below ~114.5 for the week. -Steve

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