Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.57

+4.8%

Feb 6 3:59 PM EST

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To: Lan Gao who wrote (2980)	8/18/1996 6:37:00 PM
From: Fred Fahmy	of 186894

Lan, Actually, people who bought at last year's high are up about 8-9 points which is about 12%. But you are right...if you bought at THE very highest point last summer, your returns would be lower than the market average for the 12 month period. Your returns would be higher, however, than if you had bought just about any other tech stock at the same time. Although most tech's came down significantly from their 1995 summer highs, Intel came down less and has recovered more. In addition, back things up just one year and people who bought then have more than doubled their money. This is what long term investing in great companies is all about. I would be happy to alternate 12% years with doubling years!! In the last three years INTC has nearly tripled. It is my estimation that people who bought at last summer's high will see a doubling from those highs within 12-18 months (i.e. 140+). I will hold INTC until I retire or until something changes significantly and fundementally within the industry. I am guessing the former will happen first. Happy investing, FF

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