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Intel Corporation Message Board

  • alta_is_for_skiers alta_is_for_skiers Oct 22, 2003 7:05 PM Flag

    Island reversal.

    If INTC opens at $31 or lower tomorrow, it is an island reversal and will be followed by heavy selling. I am not short now, but will be if this occurs in the morning.

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    • "If INTC opens at $31 or lower tomorrow, it is an island reversal and will be followed by heavy selling. I am not short now, but will be if this occurs in the morning."

      I feel fairly confident it will open at $31 or lower tomorrow.

    • That is the dumbest thing I have heard in a long time. Island Reversal! Look the stock is reacting directly on the news from KLAC, and after hours trading is always thin and prone to moves that sometimes in the clear light of day make no sense. This may be one of those moves, maybe it still goes down tomorrow, but I think its a risky bet by days end. Also the news out of INTC has been good for some time and will continue to be so in my opinion, wait a few months, and this baby is higher.

      • 2 Replies to Bonetopick123
      • 1) The market is recovering.
        2) The pull backs are healthy and a strong sign of a healthy recovery.
        3) The market may jump ahead of itself from time to time. That's normal. Perhaps INTC is ahead of itself now - but that's not a sign of a major downturn. The trend is your friend and the trend is UP!
        4) There's good reason to believe that the lows we have seen in recent times are an over-reaction. EMC below the teens for example?
        5) The market tends to anticipate 6 months out. With a recovering economy, there's good reason to believe we have more room to go up - especially if the recovery continues to pick up momentum.
        6) INTC is a strong performer and the leader in it's industry.
        7) INTC's CEO is excellent. His target to get out of Ca. demonstrates his visionary prowess. His long-term ability to keep his Company number 1 is a major accomplishment.

        I would not bet against this company! If you want to bet on short down-turns (when INTC gets ahead of itself) and try to capitalize on them, I wish you well. I admit it's a great trading stock. But I hope you have some set aside so you're not out when the big jumps occur - and they will...

      • A dumb money washout is all it is fools!!!!!!!!!might fall below its gap fill tommorow to trigger the stops but expect a huge unstoppable rally to unfold!!!!!!!!!!!!!!!!!!!!!!!

 
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