INTC

[Stocky2000]

thanks melf elf !
i bought today.... macd and macd hist look bullish

[sebfr]

INTC is the play of the day...Bullish signal..

Technical analysis :
1. Volume : high
2. Candelstick : 3 whithe candelstick -> bullish pattern
3. Chart analysis : Double bottom and target is not reached
4. Bollinger bands : Close > Upper band.
5. Fibonacci retracement : Target between 50% and 61.8%...Not still...
6. Market overall : Bullish short term (correction of the downtrend)
7. Risk : Low -> 19.20 and close is 19.68 (2.5%)
Go go go...

Your opinions ?

[Melf Elf]

Your opinions ?

sebfr,

Target: 21.94 is IN PLAY, as long as INTC trades above 19.39.

ket,

A print of 19.40, a takeout of the middle of the "W"-bottom, would be a strong indication that it is.  There's always a chance of a false breakout, but a target of 21.94 would be IN PLAY, as long as INTC remained above 19.39.

We got the print of 19.40 on Monday, and a close above it yesterday.

[sebfr]

I agree with you melf elf...

[usedcasting]

As always thanks Melf and sebfr. Great work!

uc.

[usedcasting]

Cost cutting and new chip. Turnaround shaping up. Close over $20.00 today me tinks.

uc.

Intel said to mull up to 20,000 job cuts


by MarketWatch
Last Update: 9:07 AM ET Sep 1, 2006

SAN FRANCISCO (MarketWatch) -- Intel Corp. is reportedly expected to announce as early as next week that it's cutting 10,000 to 20,000 jobs from its worldwide workforce of 100,000.
The Wall Street Journal and CNET News.com reported that Intel could publicly disclose the cuts after market close on Tuesday. See Wall Street Journal story (subscription required).
Earlier this year, Intel (INTC :
Intel Corporation
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Last: 19.57-0.27-1.36%
8:54am 09/01/2006
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Sponsored by:
INTC19.57, -0.27, -1.4% ) began a companywide restructuring in an effort to refocus on core chip operations and revive growth. Intel is betting on a product overhaul and PC price cuts to stave off market losses to smaller rival Advanced Micro Devices Inc (AMD :
Advanced Micro Devices, Inc.
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Last: 24.99-0.04-0.16%
8:28am 09/01/2006
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AMD24.99, -0.04, -0.2% ) .
Chart of INTC
In late July, Intel posted its lowest sales and profit figures since 2004 and offered a weaker-than-expected sales forecast for the quarter ending in September.
Shares of Intel were up 1.7% at $19.91 in pre-market trading Friday. They closed Thursday at $19.57, down 27 cents, well off the 52-week high of $27.49.
Already, Intel has unveiled plans to eliminate 1,000 management positions worldwide, and the chipmaker sold off its struggling cellular processor line to Marvell Technology Group. More layoffs and asset sales had been expected once Intel Chief Executive Paul Otellini completed his top-to-bottom review.
The latest job reductions are likely to weigh heavily on marketing staff, according to CNET, which reported the job cuts could reach 10,000. The Journal reported the job cuts could reach 20,000.
Chuck Mulloy, an Intel spokesman, would not comment on what he characterized as speculation, The Journal reported. Yet Mulloy indicated that results of an internal efficiency study, under way since the spring, would at least be announced by the end of September.
"We have committed to reporting on the restructuring before the end of the third quarter," The Journal quoted Mulloy as saying. "We are on track to do that." See more technology coverage. End of Story

[Melf Elf]

Turnaround shaping up. Close over $20.00 today me tinks.

uc.

There's your $20.00 close, a day late, but NOT a dollar short.    Applause.

EDIT:  Oops...they're now showing a 19.99 close, so you're a day late, and a penny short.  May you ALWAYS be that accurate!

 

[sebfr]

We can see a triangle...Perhaps sell signal..

[usedcasting]

Taking another stab at $20.00. Can we break out here after a double bottom. Lets see!

Have a great day all!

uc.

[sebfr]

YES usedcasting...Great day...Bulls have win the battle...

[Melf Elf]

uc and seb,

Yesterday's Rectangle breakout doesn't add anything to the 21.94 target already IN PLAY, but a second pattern breakout adds some strength to the chart, after the initial sloppy breakout above 19.39.

Seems like there's been a lot of those lately! 

[setravis]

I was looking for the thread on INTC.
Not to my amazement I counted about 10 different threads started....
Members gone wild about starting new threads !!!!!

I did find yours Melf, and seen it was the very first thread started on this pick, So I will post here.

My take, Cup and handle breakout!
Now a brief consolidation and we hope a good 4th Quarter for tech.

Technicals
Most Actives
MACD is Bullish
Stochastic is Bullish

Last Price Quote is:
2.80%above 13-day EMA
6.86%above 50-day EMA
RS Rating: 76 

Fundamentals
Key Data:
Market Cap (M): $109,995.80 
P/E Ratio: 17.23 
PEG Ratio: 1.89552 
Next Earnings: 10/17/2006
Last Analyst Rating: Peer Perform

Support @ $20.36...20.02...19.38

[setravis]

Semiconductor sales hit all-time high

By Chris Nuttall in San Francisco
Monday Oct 2 2006 17:15
Sales of semiconductors worldwide have reached an all-time monthly record of $20.5bn, according to statistics from the Semiconductor Industry Association (SIA).

The August figures also showed strength in the microprocessor segment dominated by Intel (NASDAQ:INTC) and Advanced Micro Devices (NYSE:AMD) , with unit shipments up 5.6 per cent on the previous month.

Analysts at Bank of America said the momentum was partly driven by price-cutting by Intel and AMD over the summer "which, coupled with resumption of seasonal build for PCs, bodes well for continued growth in this segment".

Citigroup analysts said microprocessor sales were up 16.5 per cent in the third quarter to date and the figures supported their raised estimates for Intel and AMD. They said average selling prices increased by a third in August "supporting our view that pricing has stabilised . . . and easing investor concerns of a [microprocessor] price war".

But average selling prices were down 18 per cent on a year ago, reflecting the strong competition between Intel and AMD.

Merrill Lynch analysts pointed out that microprocessor bookings "grew an impressive 86 per cent month-on-month . . . it's clear that August benefited from pushed-out demand from earlier in the year".

George Scalise, SIA president, said there had been relatively strong sales across a broad range of semiconductor products, reflecting healthy end markets. Sales were up 2.1 per cent on July and 10 per cent on the $18.6bn recorded in August 2005. The previous record monthly sales were $20.4bn in November last year.

"Sales growth was led by [dynamic random access memory chips], which increased by 7.5 per cent from July and by 31.5 per cent from August 2005, an indication that PC sales remained strong," he said.

[usedcasting]

Well of course earnings could eat this chip but I am hoping otherwise. We are coming up on the golden cross and I'm thinking maybe then a push up to $23.00 and then a gap fill would be nice!

Good trading to all!

uc.

[Melf Elf]

Well of course earnings could eat this chip but I am hoping otherwise.

uc,



When do they report?

Interesting chart.  The Rectangle Target of 20.92 MADE, then we went into an Ascending Triangle, iwith the highs slightly above that, at 20.95 and 20.98.

I thought that maybe Goldman's taking INTC off its "Conviction Buy" list on Wednesday might be a problem, but that turned into the 4th Data point (low) for the Ascending Triangle, prior to yesterday's breakout.  That puts Target: 21.73 IN PLAY, but unfortunately, just like the Rectangle breakout, that doesn't give us anything extra.  21.94 has been IN PLAY since the August 28 W-Bottom breakout.

We are coming up on the golden cross and I'm thinking maybe then a push up to $23.00 and then a gap fill would be nice!

Well, we've got 21.73 and 21.94 IN PLAY, and since INTC has taken out yesterday's 21.28 high, we at least ought to get tha-at!   

Good luck!  Thanks and applause for the update.