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Technology Stocks : Intel Corporation (INTC)
INTC 40.78+0.7%Dec 10 3:59 PM EST

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To: SPEEDRACER who wrote (37646)10/26/1997 8:24:00 AM
From: Tom Latham  Read Replies (2) of 186894
 
Speedy, a little bearish tone to your post or a little fear, probably both. But you really can look thru the haze and see very few or any of the *****
economic timebombs that are present today as in 1987. The stock market fizzle in '87 was an over-reaction. The movement of the market today is the same. The market may jump to dow 8500 this week. And guess what, if it does it will be an over-reaction. A ten day trend in this market should not scare the hell out of a long term investor. It may present us with an exceptional buyin price that we thought had already passed us by. No bear here. Intel at 80 is a gift. Fetched a pile of warrents in the 59 range FRIDAY. Spect they will bring 75 in a month, 100 at conversion in March. Keep that hat on tight and good investing to you.
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