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

To: Uncle Frank who wrote (67480)	10/28/1998 12:56:00 PM
From: Tony Viola	Respond to of 186894

Uncle Frank, >>>I've been looking at the intc charts and can't find much of a pattern or direction.<<< I hate to say it, but what's Kurlak doing these days? That "gut feel, limited research" prognosticator still moves this stock as much as anyone or anything. Like other momentum and inertia driven things in the universe, it'll take a few more reversals, or actually bad calls on his part, to get him out of the picture. Fortunately, he seems to be gaining momentum in accumulating the bad calls. Tony

To: Uncle Frank who wrote (67480)	10/28/1998 7:20:00 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Uncle Frank, re: INTC chart pattern or direction The direction isn't in the chart, the the recent pattern sure seems to be transperant. JMHO, but I'll repeat what I said a few weeks ago, Intel looks to be a STRONG BUY right now (relative to the overall market). Trading and some positioning is still driving the daily price, but changing fundamentals will push Intel higher as we more towards 4th quarter earnings release. Again, RELATIVE TO THE OVERALL MARKET. IF market sentiment remains the same (or gets better), I would guess new highs in December, if not before. Out on a limb, John

To: Uncle Frank who wrote (67480)	10/29/1998 1:47:00 AM
From: nihil	Respond to of 186894

RE: Direction of INTC The big techs (including Intel) are not governed by the past, and are only influenced, not driven by developments in the market. They drive the future, and recent reports on the PC market and the Internet suggest that they are largely decoupled from the rest of the market. You must make judgments about INTC vs. AMD, Apple, HWP, Sun, IBM in the PC and Server struggles to decide where INTC is going, because the PC and Server markets are on the way up, and nothing short of an asteroid is going to stop them.

To: Uncle Frank who wrote (67480)	10/29/1998 2:38:00 AM
From: Jacob Snyder	Read Replies (4) \| Respond to of 186894

anyone else think INTC is a good short here? Uncle Frank: the chart pattern is clear, if you look at a chart of the last 2 years: extended trading range of about 70-90. The stock has poked its head above and below that range, briefly, several times, and those have always turned out to be good selling (above 85 or 90), or buying (below 75 or 70) times. One of the basic rules of TA is that the longer a pattern lasts, the more reliable it is. Since early June, we've moved from the lower to the upper extreme of the trading range. Someday, we're going to break out of this range, and make a major X3 1996-style move up. But this might not happen till after the next recession, when Merced is a reality, and after the wave of global de-leveraging has run its course (no, it ain't over yet, Latin America still has to go the way of Malaysia). Actually, I'm not shorting INTC, but only because the semi-equips are much better put candidates. More volatile, worse outlook. I just post these things to tweak the permabulls who live here. I'll repost it, with all the rude replies, when I buy back at 70.