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Technology Stocks : Intel Corporation (INTC)
INTC 37.51-0.8%3:59 PM EST
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To: davep who wrote (49472)3/5/1998 2:41:00 PM
From: MyStoxGoUp   of 186894
 
Be Careful as always

I agree with much of what you have said,however INTC has a different kind of allure to it than most other stocks. If you're a portfolio manager,you must own INTC,MSFT,CSCO,. I think that a lot of people will see this as along term buying opportunity and dive in.The market still functions by supply and demand,value many times is secondary.Is MSFT worth 56X trailing earnings,is GM worth 12X?
As far as oil drillers,I couldn't agree more more, I like the RIG May 45 Calls,attractive premium for the time factor.
Phil
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