Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MONACO who wrote (50823)	3/19/1998 5:25:00 PM
From: Tony Viola	Respond to of 186894

Monaco, Re: "Any thoughts on why we see this resistance at 78, trading range is very tight, it is going to break, just hope it breaks to the upside..M" You're asking the wrong guy. I'm a technologist, not a technical analyst. You've been on the thread for a while. Who are the TA's? Sorry, Tony

To: MONACO who wrote (50823)	3/19/1998 5:26:00 PM
From: Tony Viola	Respond to of 186894

Monaco, Re: "Any thoughts on why we see this resistance at 78, trading range is very tight, it is going to break, just hope it breaks to the upside..M" You're asking the wrong guy. I'm a technologist, not a technical analyst. You've been on the thread for a while. Who are the TA's? Sorry to be of no help here. Tony

To: MONACO who wrote (50823)	3/19/1998 5:28:00 PM
From: gnuman	Read Replies (1) \| Respond to of 186894

Monaco, re: resistance. The consensus estimates may explain some of this resistance. Note Intel is trading at a forward '98 PE of 24, and a '99 PE of~ 20 based on the consensus estimates. BTW, if you haven't been to the new NASDAQ "Beta" site, I highly recommend it. Ton's of data here, ie; if you want to see the consensus estimates plug in intc, choose "analyst info" when it comes up, then "view forecasts".

To: MONACO who wrote (50823)	3/19/1998 7:23:00 PM
From: Barry A. Watzman	Read Replies (4) \| Respond to of 186894

Well, even though I am an Intel bull, since I'm out right now (in cash), I am hoping it breaks to the down side so I can get back in cheap, but you are certainly right about the stock having been in a narrow trading range from 75 or so to 77 or 78. My view is that earnings this quarter could be anywhere from $0.50's to $0.80's. The market is prepared for $0.80's and probably very high $0.70's, it is certainly not prepared for $0.69 or lower. Regardless of what happens in the next two weeks, earnings will tell the REAL story for the next 60 days.