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

To: Bea Dinerman who wrote (49855)	3/6/1998 2:00:00 AM
From: Addison Z.	Read Replies (1) \| Respond to of 186894

Bea, I believe you are right in that Intel is a good company long term. It sounds as though you missed this setback, however, I have given up trying to "time" the market as an investor in technology stocks. The only way I believe a person can in any manner time the market is if they are 1) a professional broker; or 2) trading in their own industry, i.e. an insider. Take Merril Lynch for example, they were getting people out of chips and cpus two days before. Now either they have done some darn good homework, or they heard "rumors". In either case, its about information-who has it, and who doesn't. I never like to be responsible for another person's investment decisions, but I will say that in trying to pick a price on Intel we can look at technical analysis to tell us that right now Intel is trading about $5 below it's 200 day moving average at $75 1/2 and it has very STRONG support around the $70 mark. I believe downward movement will be limited to around $70 + or - a few points unless this sector comes under more serious pressure. One good indication is that the money that came out of Intel today did not leave the stock market. It is merely rotating, which is healthy after its current run up. Tomorrow should tell us a lot about where Intel will be going from here, especially after Motorola warned and CompUSA's forecast for the current quarter. I think a good point to remember is that this is Intel, and not Eastman Kodak. Intel has always been quick to respond to its market demands while others such as EK have not. Hope this helps. Addison Z.