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At 09:54 PM 3/5/98 -0500, 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
>>
>>
>
Look elsewhere for what you call a "dead cat bounce." The next generation
of less than $1000 computers will be powered by Intel microprocessors.
Look at the results recently of the competition: Cyrix and Applied
Materials. Shocking! That's not competition, that's copycats.
Good luck to all of you PC-gloomsters.
Pete
petena9090@xxxxxxxxxxxxxx
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