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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 3:59 PM EST
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To: Jim McMannis who wrote (35956)10/15/1997 1:53:00 PM
From: Intel Trader   of 186894
 
Just a little musing on strategy:

Kurlak's price target for Intel was 200 by this year's end. It spiked a bit prematurely at the beginning of August.

When he issued his downgrade around week 3 of August, was it because he suspected that the price had risen too fast, and too drastically?

Further, in light of computer boxes becoming a 'hot item' for Christmas this year, might we have another blow out quarter in December?

If those assumptions are correct, I think we may once again see the 52 week high reached around December, barring any change in fundamentals.

Or, maybe I missed something. Did the fundamentals change already?
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