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Technology Stocks : Intel Corporation (INTC)
INTC 49.28+1.1%1:47 PM EST

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To: Jules B. Garfunkel who wrote (2180)7/16/1996 1:38:00 PM
From: Millard J. Baker   of 186894
 
Jules,

I have followed your posts for some time now. You make a strong
bullish case for INTC and very reasonable predictions for INTC's
2Q based on INTC guidance. I would like to know what goes through
your mind on days like this. 3 weeks ago, even a week ago, the outlook
appeared very good for INTC to meet or exceed analysts expectations.
However, a selloff in NASDAQ and technology has a way of clouding the
the bullishness of a few weeks ago even though nothing has changed.
A couple of weeks ago if we had the chance to load up on INTC at 65 in
advance of earnings report, I would have jumped at the chance. But today,
nervousness and doubts preclude any chance of acting on INTC. My
strongest urge is to sell. Such is the life and times of a technology
investor. Volatility and nervousness are unescapable, however, it
would be nice to make a little money sometime soon; i don't have any
more capital gains to offset with losses.

Regards,
Millard
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