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Politics : Ask Michael Burke

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To: ild who wrote (88478)	1/14/2001 12:42:50 AM
From: mishedlo	Read Replies (1) of 132070

ild, the stocks that have been hammered and hammered simply do not have that much further to fall percentage wise. All the bad news is out on INTC. Everyone who wanted to sell, including the funds most likely already has. INTC PE is down to a respectable 19. Whether or not it is worth its cap is simply irrelevant. I believe it may be able to produce 20% growth for several years which would give it a PEG of 1, or more likely 50% growth 1 year when business picks up again for corporate PC upgrades, and 10-12% the other years. At some point, people simply stop selling. That point seems to be now. Most likely it will just slowly drift down or up neither over-doing nor under-doing the Naz. Compare that to "darlings" such as ARBA, the BIG PROMISE of what is to be, or JNPR etc, the hopes the fears are still there. The mm's will take advantage of these emotions and send these stocks spiraling up or down at whim. M

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