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


To: Stonehenge who wrote (47444)2/8/1998 9:19:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 186894
 
Stonehenge. I am not sure if we should buy or not buy for the short term (especially on margin) because of Intel's run up, but I am with you: We will go through 90 again. ;) There are still quite a few analysts that recommend Intel now and if you read all the write-ups on Intel and listen to management you know that Intel is a good buy for the long term. Isn't our saying: It is always a good time to buy Intel if we are long term? Some of the TA guys are a little cautious right now and see a resistance around this area but feel if we make it through 90 the stock will keep going up. I think Ibexx mentioned that on Suretrade Intel is also a buy.
I had checked my records in the meantime about Murphy and he has been recommending Intel. I did not see anything to the contrary. Maybe the author of that article forgot to mention Intel? gg. And he could have changed his mind when Intel went into the high 80s again. But like I said, he had been recommending Intel. I also read somewhere that a TA follower thinks the market is on its way to 9500. I think that Intel would definitely be a good buy right now if this scenario unfolds, even if it is not in the DOW.

Sonny