Recent

% | $
Quotes you view appear here for quick access.

Intel Corporation Message Board

  • longintel longintel Sep 25, 2007 1:58 PM Flag

    Distribution above $26 Remanis!!!

    Intel's stock has been UNDER DISTRIBUTION above $26 now for over Two Years. And that is in spite of all the Pumpers BS. Wall Street knows better. $26 per share "prices in" all the forseeable value for Intel. Those that believe this stock is going to above $30 will first have to see it HOLD above $26 and It Can't. Too much stock around to be sold above $26. Every time it gets above $26 selling ovrwhems the buying. That is Distribution. Intel has to do better than the best Expectations out there. And they will at best fall short of those....

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ...which just means that when this stock does eventually break thru $26 resistance, it will pop...

      • 1 Reply to backbay_bstn
      • ...which just means that when this stock does eventually break thru $26 resistance, it will pop...

        ---------------------------------

        NO. If it ever closes above $26 it will have difficulty holding that level until something significantly changes for Intel. The most optimistic outlook would do that but that is for $1.50 earnings for 2008. Unlikely tho. $26 has to be proven to become Support for Intel rather than Resistance. Will have to move up to at least $28 and then Hold $26 as support. Possibly on a better than expected q4/2007. Until then $26 remains significant Resistance. Been that way for over TWO YEARS now. Two years resistance is NOT easily overcome...

 
INTC
29.08+0.48(+1.68%)Sep 3 4:00 PMEDT