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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5527)9/26/2000 11:15:02 AM
From: Steve Lee  Respond to of 30051
 
I don't see any reason to hold INTC. It has probly made a temp. bottom a couple of days ago in the low 40's, but as a stock (not a company) this one is dead, dead, dead <vbg>

To: Zeev Hed who wrote (3222)
From: Steve Lee Friday, Jul 14, 2000 12:51 PM ET
Reply #3224 of 5527

Today INTC got within $1/2 of its all time intraday high.
Do you think it is making a double top? It is an old favourite of mine, having held it for years in the 80's. In those good old days it was growing fast and valued cheaply. Now the reverse seems to be true. Could it be time to stick the knife in my old friend and try to make money on the way down also?