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

To: Tweaker who wrote (62862)	8/20/1998 1:31:00 PM
From: michael ehrenberg	Read Replies (1) \| Respond to of 186894

This guy Kurlak is the only Intel Bear left on the planet! There have been numerous upgrades lately from just about every other firm out there. His credibility has been damaged from being wrong so many times before. Nevertheless, there are enough belivers to have temporarily (and I mean very briefly) crashed the stock about 8% from its recent high. Notice it is refusing to penetrate below its 21 DMA of 86. This is a good sign. A look at the chart indicates that this is just another healthy part of the 2 steps up 1 step back scenario that intel has been under going since its double bottom of 66 back in early June. I see no problem in reaching 100 sometime in late September or October. Just hold on, sit it out, be patient, and whatever you do, don't sell or you'll be sorry a couple of months from now.