Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: prosperous who wrote (96169)	1/13/2000 10:51:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 186894

IMHO, There are differnt ways to play the game. There is short term technical analysis and long term. Both have their place. I will simply say there is nothing like buying an option for less than a dollar and selling it a half year or more down the road for $20 or more dollars. Step back and go with a 60 month chart, and see what it gives. Many don't understand how well behaved many companies are from a technical long term viewpoint. siliconinvestor.com 1. INTC lives in a channel around $40 from '97 to late '98 2. Mid Aug 97 INTC hits high at $51. Oct-Nov 94 Intc begins rise off a bottom at $9 3.....(9+51)/2=$30 --- INTC double bottom ~$32 level jan-jun98 4.....(32+72)/2=52 --- stock hits $72 Jan 99 then pulls back to $51 Jun/july 99 5.....(51-32)x2=$38 6.....38+32=$70* Jan 99 Intc hits $72 7.....(72-50)x2=44 8.....44+50=$94* Sep 99 Intc hits $90 9.....(50+90)/2=70 Oct 99 stock hits $67 10.....The next obj? (90-67)x2=46 & 46+67=$113* The hard part is saying when the oneteen level may be reached. Do your own math, adjust your lines, point your own tops and bottoms but realize where we are in the semi-conductor cycle. FWIW