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Technology Stocks : Intel Corporation (INTC)
INTC 45.07-17.0%3:59 PM EST

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To: Bruce Cullen who wrote (111402)9/26/2000 3:24:49 PM
From: chic_hearne  Read Replies (1) of 186894
 
Re: Only one person was brave enough to call an entry point on INTEL (INTC) anyone else, still interested in where you folks see the bottom at, use some logic.

Bruce,

I'm afraid it could be the $20's somewhere.

A lot depends on AMD earnings Oct 11th. I see two posibilities:

1) AMD misses, which is viewed as bad for the whole sector and INTC goes down.

2) AMD beats, which is viewed as AMD taking marketshare from INTC, so INTC goes down.

Look at how INTC has historically traded with its P/e ratio. There's still a lot of damage to be done, especially if we are entering (or are in) a bear market.

chic
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