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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST
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To: H.P. Yee who wrote (1603)6/4/1996 1:26:00 PM
From: Patsy Collins   of 186894
 
I remember that day very well. The S&P fell 20.5% to 224.84 on 10/19, while Intel fell 19.2% to 42. 2 week later on 11/2, the S&P recovered 13.7% from the 10/19 close to 255.75. Intel, plummeting more to 26.5, 36.9% lower.

It was around this time that I started to accumulate Intel, I have not sold any shares since.

One sector that escaped the plunge was gold mining, in particular Newmont mining, which gained 10.5% on Black Monday, but fell 13.6% two weeks afterwards.
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