Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.53

-0.1%

11:47 AM EST

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To: Fred Fahmy who wrote (2982)	8/18/1996 10:28:00 PM
From: Mark Brophy	of 186894

Re: Long term investing You stated: <<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!>> The only reason Intel doubled is because it was down after Wall St. thought the Pentium floating point bug was a big deal. Of course, this was nonsense and the doubling many of us enjoyed was a result of keeping a cool head. Today, I don't see any similar panic that has brought the price down. On the contrary, the stock has enjoyed a nice rise despite a bearish technology stock market. Making money in the stock market is mostly knowing when the crowd is wrong.

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