PDA

View Full Version : waiting on INTC



BettorsChat
08-21-2004, 02:06 PM
to bottom out

Anyone see a bottom bounce number that they think is a good one?

wallstreet
08-21-2004, 02:35 PM
BC,

Interesting..of course I watch INTC regularly and get tempted with it as well. I play some of the smaller semis, never have traded INTC.

Here is my take on the stock- pull up a chart on yahoo finance for INTC, then compare it to say 5 other semis, then notice how it is underperforming about every name brand semi out there..

BRCM
TXN
(not AMAT, but I would never trade AMAT)
MU
AMD

Not all have done better, some like CY havent and AMAT etc.

Looking at a 1 year chart on the stock did nothing for me, looks like death, but looking at a 2 yr chart, it looks like 20 is a big deal technically, but it is swimming under the 20/100/200 day moving averages.

I wouldnt touch the stock unless it broke ABOVE the 20 and 50 day moving averages which sit at 23 or so..

But for the risk adverse, start buying here in 20-25% pieces to build a position.

I would rather pony up the cash and buy BRCM though..