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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.88-0.8%Nov 17 3:59 PM EST

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To: KeepItSimple who wrote (56863)5/16/1999 10:35:00 AM
From: Olu Emuleomo  Read Replies (1) of 164684
 
a cash cow is intel's monopoly of the desktop processor market

INTC may be a cash cow, but the chart looks like it will trade sideways (or even down) in the intermediate future.

bigcharts.com

INTC seems headed for a trading range of 55-62.
If we close under 54, we are headed down to 45.
At 45, the cash cow becomes quite attractive :-))
BTW, Sarmad may be right that it is time to start raising CASH.
70% of all charts I am staring at look bearish (notably MSFT!!!)

--Olu E.
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