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


To: saju chacko who wrote (61115)7/24/1998 7:09:00 PM
From: Darren  Read Replies (1) | Respond to of 186894
 
INTC looked very strong today, considering the market. It is creating a nice wedge upward. The significant trading problem right now is the resistance at 85. INTC has tried to break 85 no less than 8 times, and failed every time since March.

If it was any other stock, I'd have given up by now. But I think we'll see a move thru 85 next week, finally. Just my opinion...



To: saju chacko who wrote (61115)7/24/1998 10:32:00 PM
From: puborectalis  Read Replies (2) | Respond to of 186894
 
The market is telling you that Intel is poised to go higher based on the "potential" of good news in the future...the one variable the Paul Engel raised recently was the potential flood of orders for new systems to avoid the Y2K problem..many companies will opt to buy new server systems than pay the Keane's of the world to update old systems..this will drive the PC and server markets next year and Kurlak KNOWS that!