Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.26

-0.7%

Feb 5 3:59 PM EST

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To: Autumn Henry who wrote (9540)	1/29/1997 7:31:00 PM
From: Barry Grossman	of 186894

Autumn, <<I think INTC will be going to a new all time high tomorrow. At 2:47 INTC just went up and kept going.>> <<The thing I don't understand and will ask is why if money flow is so negative and the smart money is running out>> Where did you get this from? I don't think it's true. I think there was big money on the sidelines waiting for a sign to get in without being left behind. When the bond market turned around in the afternoon around 2:15, the DJIA was at +28 and INTC was 152 1/2. After being showing uncertaintainty about which way to go for about another 1/2 hour, the money started pouring in and the DJIA moved up like a rocket and although the NASDAQ didn't follow, INTC did. It was about 45 minutes of pure pleasure. Closing at the high for the day, a new all time high within close striking distance of it's recent all time intraday high, I agree that INTC is about to test the 155-160 level soon, maybe tomorrow. Barry

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