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: Raiders who wrote (58777)	6/25/1998 3:08:00 PM
From: Darren	Read Replies (2) \| Respond to of 186894

I think today's action in the stock has lead me to believe that all is not that great with Intel. Seems like people are still nervous about the stock regardless of what Wall Street analyst have to say. Has nothing to do with the company itself. Market is trying to fight through several resistance points on it's way to a longer term gain. If you follow S&P Futures, 1155 is the current ceiling. We hit it at noon, and the market tanked. Forget the high 60's. We're going to 85 very soon. If you wanted to use TA, INTC bouncing off a double bottom? Earnings are a barrier (July 15), but by September 1, we could see 100...sell when your favorite analyst offers the "Strong Buy" rating. Short if he/she puts a price target above 120...My favorite is Erika Klaur. I do the opposite of what she says...

To: Raiders who wrote (58777)	6/25/1998 5:03:00 PM
From: Dale J.	Respond to of 186894

confirms the fact in my mind that we will see high 60's before we make a break into the 80's. Hi Raiders, Well your caution is warranted. Although I think there is dissimilarities between the Microprocessor sector vs the DRAM sector, the severity of the problems in the DRAM sector can make any investor concerned (to say the least). I think we will see either 65 or 85 shortly after earnings. I'm counting on (hoping) for 85. THe lingering pessimism can be the fuel for a rally if things start to look better. But in the same sense the lingering pessimism can turn to widespread capitulation if the status quo continues. In other words I'm still trying to figure this out myself. I'm cautiously optimistic. How's that for ambivalence. Dale