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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (15697)	12/17/1997 6:20:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

>>TT, INTC closed at a key level today and is within a few points of a first entry level. What would be your successive entry points for taking partial longs on INTC? My points are 65+, 57+ and 47+.<< Based on weekly charts, support at 68+--which I think will be taken out; then at 62-63, 50-52 and 37-39. I own enough INTC and so will not add unless it get to the high 30s--which I don't think it will. There is support at the 68+ level but I not advise buying at this level without downside protection because it could break quite quickly. I think the 62+ level is very doable and if the market cooperates you could see 52-- fib suggests 62+. You could buy at that level without puts to protect you. If you are looking to use LEAPS to build a portfolio that includes INTC you could look at a ratio of 1 at 68, 2 at 62, 2 at 57 and 5 at 37+. But in any event, any long term investor who does not own INTC should look at dollar cost averaging into it at these levels. >>btw, JBIL and DELL are still there for the picking, my dear. JBIL I will do something soon -- probably sell some in the money calls. DELL is ripe for the plucking--divergences galore on both the daily and weekly charts -- but I not sure that I can maintain a detached attitude to DELL--if you get by drift-- so I may pass on it. Talk to you later, my dear

To: Judy who wrote (15697)	12/17/1997 7:04:00 PM
From: Sonki	Read Replies (1) \| Respond to of 50167

judy, Jbil is quite impressive. i don't own it but the earning report and outlook were preety bullish yesterday. well, now that my wintel is depressing me, i remember u were quite right on re: intc before. intel had good support at 65 (130). do u still see it breaking down to 57? i m in big trouble if u see that. maybe now, i have to start trading to make money. btw: go long on sunw on a a read down day. (35).

To: Judy who wrote (15697)	12/19/1997 5:00:00 AM
From: Arik T.G.	Respond to of 50167

Hi Judy, IMO "preserve your capital" is interperted at this point to "Don't be tempted to buy cheap". The whole tech sector is now in a big bear move. Trying to call the bottom is exactly like trying to call the top. Like the bears were calling tops since Dow 5500 the bulls might be tempted to call bottoms. Therefore my suggestion is : Do not average down ! Better buy INTC at the 50s if it gets there and average UP. Money not won is not money lost. Money lost is money lost. ATG

To: Judy who wrote (15697)	12/22/1997 12:41:00 AM
From: Gary105	Respond to of 50167

Judy, thanks for the insight re. intc. Personally I'm waiting and watching this one having sold my position in the 90s and 70s. Imo it should move one way or another on January earnings release (I dont expect surprise but I do expect some comments about future which will influence stock). At that point we will have formed a right shoulder which if violated can fill gap in mid to upper 40s over time or the worries will be for naught with movement back up to the 90s over time. If the former occurs then I expect other techs to also drop (csco to 37 and msft to 100 to fill gaps) As far as I'm concerned its a crap shoot right now and I sleep much better with most of my $ in BRKB rather than tech stocks. Gary