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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Bullseye who wrote (2292)	4/14/1998 5:55:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Bullseye; RE:" 0.72 after charges..." ...outlook for Q2 continued weakness in revenues/margins; looks better to Andy in the second half of '98. = " In the first quarter, the company repurchased a total of 22.1 million shares of common stock at a cost of $1.8 billion under an ongoing program..." ...lessee, that's what, ~81-7/16 average price they paid for stock; INTC's low during Q1 was 70-1/2 and the high was 95-5/8, so the avg price for the quarter was ~83. I've got the 50d MA at ~81 (!) and the 200d EMA at ~78; the 50 is still above the 200; they are parallel and have no apparent trend. If he goes down, first support is an UpTrend Line at ~68 (-10%) and then a Horizontal Support Line at ~64 (-20%) on my chart. The fibonnaci lines on my INTC chart are as follows: --------------------- 94.2 ------- --------------------- 88.0 ------- --------------------- 84.2 ------- --------------------- 81.2 ------- --------------------- 78.0 ------- --------------------- 74.2 ------- --------------------- 68.0 ------- --------------------- 64.0 ------- -Steve