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Intel Corporation Message Board

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  • fracisp fracisp May 10, 2011 10:54 PM Flag

    Resistance Range 23.46-23.59

    so it seems we just wait a little and when she finally breaks thru we go up strong. Accumulation time i guess varies. its the part i don't like waiting!!! shouldn't take to ;long.

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    • Good timing call .... 8-)

      Technical analysis is good in the absence of news. Today, the dividend anouncement and reiterated the good outlook that analysts had been losing confidence in. NEWS trumps technical analysis and resets the technical analysis baselines.



      "Worldwide demand for computing continues to increase at a very rapid rate, putting Intel on track for revenue growth of over 20 percent this year," Chief Executive Paul Otellini said in a statement.

      Intel posted first-quarter results ahead of Wall Street expectations and forecast second-quarter revenue growth that defied fears that the company was struggling to find its footing as personal computer sales growth wanes.
      http://finance.yahoo.com/news/Intel-raises-dividend-16-rb-1080582095.html?x=0&.v=2

    • May 17 investor meeting coming up next week.
      Some strong confident comments will be made about continued growth for Intel for many years.
      But at any time, Intel may turn up the heat with some buyback pressure. That alone will break any resistance along the way to the $30's. Can't see why Intel will not get there this year. Especially if Intel proves in the next 2 to 3 months that they are on their way to earnings above $2.50 a share. Then $30 will only be 12 times earnings.

 
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