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Technology Stocks : Intel Corporation (INTC)
INTC 48.26-0.7%Feb 5 3:59 PM EST
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To: Dennis who wrote (39614)11/9/1997 9:57:00 PM
From: FANMAN   of 186894
 
Dennis-
IMO, it will probably take most of 1998 for intc to reach a new high. I think that's good...it came back too quickly earlier this year.
As to buying new shares, I think the downside is limited. Sure it could drop to 65 but that's not so bad when you consider it will probably double in 2-3 years. I bought LEAPS in 1995 when intc dropped 20% from 79 to 63 only to watch it drop into the 50's. IMO,I think this a great buying opportunity but don't get extended on margin and be patient.

good luck
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