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Technology Stocks : Intel Corporation (INTC)
INTC 37.89-0.1%3:59 PM EST
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To: SPEEDRACER who wrote (29482)8/16/1997 4:25:00 AM
From: Gary105   of 186894
 
Speedracer, I'm impressed with your rationale and conviction. Some comments:

1. Inflation seems to be dead with globabilization of world economies and productivity gains. Growth continues......an environment which can support high prices.

2. Mr nervousness, Marty Zweig, who called the '87 crash, is positive short term and neutral mid-term. I value his opinion and think we bounce soon.

3. I expect some followup on downside on Monday AM as result of mutual fund redemptions late Friday - could set the stage for bounce.

4. Greenspan is sensitive to market downside and will act to instill liquidity in the event of decline - he's done it before.

5. As someone looking to increase portfolio value by a factor of 5 - 10 over the next 10 years, I've found it best to view events like this as buying opportunity , ie to add intel on dips - in the high 80's its a screaming buy for long term holders like myself. I think 10 years from now intel will be over $600/share. I have a regular job and do not have time to trade for living.

So I congratulate you on your predictions to date, agree with you that it is wise to avoid DOW stocks, disagree with you on large drop and view further weakness in intel as buying opportunity.

Gary
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