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

To: Hawk who wrote (50177)	3/8/1998 3:57:00 PM
From: JPolo36	Respond to of 186894

03/06/98 (DW&A) [INTC] INTEL - THE SWOON Well true to form, Intel has gone coast to coast in short order. The Semiconductor Bullish Percent moved from 16% to 66% in a matter of a couple of months. This action is perfectly normal with the action of the Semiconductors. The optimum time to buy these stocks is when the Sector is below 30% and the optimum time to become defensive is when the Sector approaches and or exceeds the 70% level. In this move, Intel has moved down to the support line and I would have no problem buying this stock in that area. If you want to take a more cautionary stance, wait until the first buy signal develops and then go with that. You might also consider buying in-the- money calls at this level but only as many calls as you would normally buy round lots of stock. When it comes to the fundamentals on this stock, simply go to your Bloomberg system, key in INTC Equity BMRS - GO and you will see that everyone is all over the board with this stock. On August 22nd 1997 Merrill cut the stock to Neutral at $96, good call and in line with the Point & Figure charts, however, they missed the great rally off the bottom from $68 to $95, heck of a move. Before the crash yesterday on 3/3 Alex Brown had a "Strong Buy" on the stock but have since cut it to "Buy" on 3/5. Prudential on 2/18 had a "Buy" and they hold steady with that "Buy" today. We take our hats off to Pru., for not freaking out and jumping ship before the opening. ABN Amro Chicago Corp. 2/10 reiterated "Buy". They were quiet yesterday. Here's an interesting one we have never heard of before, du Pasquier reiterated a "Sell". Here is a company who says what they mean rather than going to "Neutral" which is suppose to be a code word to sell. Bravo Pasquier. They cut to "Sell" on October 15th at $86, they said what they mean. Who are these guys anyway? At any rate, everyone is all over the board, Buy, Sell, Hold, Accumulate, Neutral, Short term Hold by Soundview, (whatever that means), Outperform etc. etc. Just take your pick fundamentally. The best minds on Wall Street are every direction on this one. Where are the proponents of fundamentals only on CNBC when you need them? You can see that the stock is at support at $75. Ok to take positions here, support is all the way down to $68. Is this the beginning of the end for Intel as we know it? We don't think so. We also think that these same fundamentalists that are jumping ship today will be crawling back aboard the second Intel suggests they might beat the next quarter. Don't go without the roadmap. We thought we would produce some charts below of some of the tech stocks we get the most calls on.