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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 39.50-3.1%Dec 11 3:59 PM EST
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To: Frank Ellis Morris who wrote (18133)3/4/1998 10:45:00 PM
From: Captain Jack   of 27012
 
Most traders have been out of INTC for some time. Only the day traders have stayed. All the rest were investors or will become investors today. I guess all the "soon to be" investors never heard of ORCL last Oct or thought INTC was immune. I told Sonny a few weeks ago I had bailed all my INTC and put that into cash as it was felt a pull back was required if new highs were going to be seen and sustained. INTC will be back as Frank has said. ORCL is going to be back also. Had IR given a prewarning it may have dropped a little and most investors would have bought on that dip--- the earnings were not there. The only concern for those looking for the fast buck now should be, when will earnings be back to historical levels?--- the question for traders is a little different...The question for everyone is "should I have seen this" and "does it make any difference to long range goals." Techs are volatile and INTC really is a tech for those that forgot... if it is too much to bear stay out of the sector. It has not been that long ago that 70 looked like a bargain and will again! Now,,, how low will it go????? Patience really is a virtue when INVESTING in techs.
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