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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: margaret tasset who wrote (9431)1/28/1997 10:18:00 AM
From: Thomas J Pittman   of 186894
 
All, A quick question:

Has there ever been a stock this good? A year ago, I bought
into a company which OWNED its market worldwide. The company
was selling at the very low-end of its 7 year historical
valuation levels based on TTM earnings. The company was the
recognized leader in quality and innovation in its field, and
had a management team equally recognized. On top of that, its
products were almost a necessity of life the world over. I swear
to God I KNEW that intc was the same as buying 20 dollar bills
for 10 bucks each. I just didn't realize the timeframe. Looking
back it has been the same as buying '30' dollar bills for
10 buck each!

Anyway, I know we are not supposed to 'fall in love' with our
stocks, but maybe just this once. With the exception of the
valuation mentioned above, the story is still in place. I usually
buy stocks and expect to hold for around 3-5 years. This stock
still looks so good that I don't believe my own analysis. I am
really kind of dumbfounded. I try to find a reason to take my
money and find something else to buy, but what in the world would
I buy?

Please don't take my comments as any really analysis or even as
a recommendation. Just once in a while, it is good to be able
to stand back and smile when you hit one out of the park.

Thanks for listening and for all of the analysis and insights
over the past year.

J
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