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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 41.41+2.2%Dec 5 9:30 AM EST
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To: Ann Janssen who wrote (16712)1/28/1998 12:25:00 AM
From: TechnoWiz   of 27012
 
Hi Ann: I for one have gotten a lot of very useful knowledge and entertainment from dropping anchor on this thread from time to time. I would like to think of it as my home page as I have come to know and enjoy interacting with some of the many characters in this plot.

I don't want to rain on your parade, but personally I would be very cautious buying MSFT or JNJ at these lofty levels. Although I am impressed by the markets resilience and improvement over recent days, I did point out some time ago that I thougt Intel was a pretty good buy in the low 70's high 60's area. And prior to this quite impressive breakout of recent days, I did put forward the idea that A. Intel has a tendency to go on a surprising upward tear periodically and B. The last time it did that, it origninated from the same general 70ish price level.

No disrespect bu the time to be buying MSFT was when it was temporarily undervalued during the pre-xmas rout, ie. at the bottom or the trading range that has contained it for some time. Now we are approaching the top end of that range and whilst it may appear to be on the verge of a major breakout, which I would not rule out, it is a lot more vulnerable to a sudden price correction.
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