Intel Corporation (INTC) Message Board

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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: Ibexx who wrote (12533)	2/26/1997 2:00:00 PM
From: Michael D. Christian	of 186894

To anyone: I'm looking to get in for a long term ride, but am wary of entering prior to a significant drop. It appears over the last few days of trading that the stock is oscillating in the 140 to 155 range. It appears to have a tendancy to head down on low volume and picks up as it hits the low 140s but then fades as it crosses 150. Does this weakness indicate that we are looking at a lower level of support in the near term, or is this typical for INTC when it goes into a short term plateau prior to a rise? I'm looking for opionions from someone who has been reading the charts over time. I know INTC is a good long term play, but I would like to avoid a significant drop if it appears likely based on the charts or other news.

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