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: Burt Masnick who wrote (81523)	5/25/1999 2:06:00 PM
From: Jim McMannis	Respond to of 186894

RE:"The general view among technicians, the branch of investing that believes that they can predict the future action of a stock by the charts of a stocks price and volume, is that if Intel breaks 55, the stock should be in free fall for quite a distance. "... I assume you are refering to the 200 day s moving average. This is a rather simplistic approach but widely followed. In the last 17 years, simple backtesting shows that the time to BUY the SP-500 was WHEN it dipped BELOW its' 200 Day simple moving average. Waiting to sell at that point was a flawed strategy at best. Jim

To: Burt Masnick who wrote (81523)	5/25/1999 2:16:00 PM
From: Mark Lawrence	Respond to of 186894

Interesting point. I was listening to the radio on my way home from work yesterday. On one business report a technical analyst said INTC was bad under $55. HOWEVER, Ashok Kumar was interviewed on either Bloomberg or CBS in the NYC area, and he said INTC was a buy in the mid 50's. I've been following him for awhile, and he's really good compared to some of the others. Also, Painewebber put an $80 target on INTC. I think the negative is a way to shake out the nervous ones before the move up.