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


To: Intel Trader who wrote (56389)5/30/1998 3:14:00 PM
From: The Insider  Read Replies (1) | Respond to of 186894
 
Intel Trader:
INTC has good support at 65 over a two-year period, while the bottom 30-day Bollinger band (on my two-year chart) is slightly under 70. I am using a two-year time frame merely as a reference. I feel more comfortable right now using an extended time frame rather than my usual one-year time frame.
However, since markets are not always rational, I am going to wait to see if in fact the stock trades below 70 before I begin buying it.
p.s.: I don't engage in name calling and never have. I simply believe that stocks get cheaper as they fall in price and vise versa. No big deal if one does the homework. Good trading.