Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.29

+7.3%

3:59 PM EST

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To: SteelBlueIce who wrote (12945)	3/2/1997 1:13:00 PM
From: RayW	of 186894

Jerry and All Traders, Thanks for your great TA pages. I am wondering if would you please add INTC 10 years weekly chart and IOM 2 years chart to your homepage. I also wonder if you could find any significant differences from both charts. INTC is on the verge of free fall just like IOMG, MU, CRUS, etc. For any INTC investors with costs higher than 150, next week is your last chance to take small losses. If you really believe that INTC would hit 200 in 2 to 3 years, please protect your positions. On the other thought, you have much greater chance to buy the currently-over-priced INTC at much much lower prices. Why take the chance now? On INTC 10 years weekly chart, there is virtually no support until 78. The next strong resistance is 50. For short, 30 should be the good point to recover the positions. I would buy at 25 for long term investment and hope to double the money in 6 months. However, the first resistance might not work at all if the fact that all these INTC are traded by mega players and hundred thousands of dream-broken first time investors is considered. When INTC crashes, the market would over-react. You hear from here first. Read at your own risks!

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