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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Paul Engel who wrote (67052)7/30/1999 4:05:00 PM
From: tejek  Read Replies (1) | Respond to of 1573696
 
RE: << And your TA prediction on Intel's stock price was absolutely WRONG - Intel rising +$6 after you predicted it would drop.>>

Not wrong yet. Intel has tried all day to take out its old high and failed miserably in spite of above normal volume. As of 3:53 PM ET the stock was at 69 9/16, a little short (as in MHz).....so it looks like today is shot. Don't worry though, most likely it will have another go at the high with significant help from the very bullish (right now)semiconductor sector. But after a second failed try, then there is a problem. Investors don't like giving a stock a third shot at the title. More likely intc will sink back into its trading range for another 6 months. Unless, of course, koppafeel comes out early at 700 MHz.

Good trading.

ted



To: Paul Engel who wrote (67052)7/30/1999 4:08:00 PM
From: kapkan4u  Read Replies (2) | Respond to of 1573696
 
Paul,

It looks like a double top is forming in the INTC chart. Closing at absolute low for the day is not very confidence inspiring either.

Kap.