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To: JustTradeEm who wrote (18376)1/18/2001 11:53:17 PM
From: brk  Read Replies (1) | Respond to of 19374
 
JB I was wondering was your target price is for covering your short assuming that you hold your position ? Looking back 3 years, I see some nice support around the current level and I was actually thinking that it was basing around 30, but BWDIK. Do you see a reason for it to break this support and move lower ?

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To: JustTradeEm who wrote (18376)1/19/2001 5:09:06 AM
From: Walkingshadow  Read Replies (1) | Respond to of 19374
 
JBinPA,

INTC does not look like a good short at this time. There are strong technical buy signals in place (OBV, Williams, MACD, MFI; stochastic 5-3-3 signaled, 15-5-5 looks imminent).

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As brk points out, INTC has stabilized here for the time being at least, and is sitting on old support, looking short-term strong:

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Unless and until INTC gives clear evidence of failure at this old support level, I would not want to be short.

JMVHO..............

WS