|
PureBytes Links
Trading Reference Links
|
I might also add that the analysts that cover Intel have to sit down and
re-crunch some numbers, possible revisit the company to get some
questions answered as well determining the overall industry climate now.
Then the analyst's company has to decide how they want to manage their
assets. In a nutshell, it takes financial institutions some time before
they have enough information to work with to make a decision.
Harley
G.John Boggio wrote:
> Realtraders,
>
> I would tend to agree with Patrick's statement below...further
> weakness
> in INTC is still likely. If you observed today's price action, INTC
> opened
> down 11 1/2 and was only able to muster a 2 point bounce during the
> middle
> of the day. Typically, this would suggest that the buyers were not
> present
> even after INTC pulled back 13%. Further, its current price of 75 1/2
> does
> not reflect any significant support levels. Therefore, I would look
> for
> further weakness over the next few days to continue to pressure this
> stock
> down to the 67-70 level. At which point we may have a tradable buy or
> a
> long term buy signal which we can play.
>
> Just my opinion,
> John Boggio
>
> At 09:10 PM 3/5/98 -0500, Patrick Slevin wrote:
> >Personally I am not a stock trader. I may never own INTC.
> >
> >But I get the feeling that all the news is not out on INTC.
> >
> >While you fellows are looking for 85 and 120, is it possible that the
>
> >island reversal in the chart points to 65?
> >
> >I don't want to throw water on the party, but it seems the "Buy the
> Dip"
> >reaction to this selloff is perhaps unwarranted.
> >
> >Suppose the rumor on GE earnings is true; the Dow monster will bring
> the
> >entire party to a close.
> >
> >Just an opinion.
> >
> >--PJS
> >
> >
|