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Technology Stocks : Intel Corporation (INTC)
INTC 36.78+2.7%Nov 26 3:59 PM EST
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To: Mani1 who wrote (81550)5/25/1999 5:53:00 PM
From: Black-Scholes  Read Replies (4) of 186894
 
O.K., the next few days (weeks) will separate the men from the boys:

From The Street.com at the close:

"Intel fell 5.5% to 52 7/8, and its fall below 55 is
significant -- and troubling, according to those with
a technical bent.

"How else can you describe a six-month closing
low?" asked Greg Nie, chief technical analyst at
Everen Securities in Chicago. "It does raise the
risk you'll start shaking out holders of the stock.
Then it's not all that difficult to push Intel into the
upper 40s and some would argue that's being a little
generous. If a certain institution located in Boston
that has a big holding looks for the exits, this thing
will get beat up a little more."

Intel is the "best example," but there are several
names among technology, Internet, and financial
leaders where "the risk level is fresh because of a
breakdown on the charts," Nie said."
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