Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.90

-4.1%

3:34 PM EST

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To: Oral Roberts who wrote (166705)	6/20/2002 2:40:14 PM
From: Robert Douglas	Read Replies (2) of 186894

Ever hear of Warren Buffet buying INTC or any of the other grossly overvalued techs? Buying these stocks always was speculation in it's purist form. No, Warren Buffett never bought Intel or Microsoft when they were overvalued. But he never bought them when they were undervalued either. He doesn't buy tech stocks because, as he says, he doesn't understand them. That doesn't mean he thinks they are a speculation. Kind of ironic how TA clearly pointed out the stocks demise? Funny, that's the opposite of what I would say. Most technical analysis is based on the premise that what is going up keeps going up and what is going down keeps going down. It's the fundamental guys that were ringing all the alarms during the bubble days.

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