Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 9:30 AM EST

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To: Dennis who wrote (38096)	10/28/1997 5:37:00 PM
From: Andy Patton	Read Replies (1) of 186894

Phew! Well, I'm happy--at least in the short run... On Monday I afternoon I did a little calculating (based mostly on projected earnings but cut down by 20%) to figure out what was the price at which I couldn't afford not to buy Intel. ie. if I were to hold till after Merced's out. Put my order in Monday early afternoon, and thought the stock wouldn't get there unless there was a real meltdown--in which case I would have been buying high--and found out today that I doubled my position by picking up more INTC at 70.375. We'll see how it pans out in the long run, but I won't sell unless my view of Intel changes. I wouldn't be surprised, though, to see it trade lower before 1999 (when Merced's due.) The one thing I do know for certain is that I can't predict where the market's going. I just try to sort out what company's stock I'd ideally like to buy, figure out a price that looks too good to be true, and buy if it hits that. But for now: yippee! Good luck to all, and make sure your seatbelt's fastened. There's more bumps ahead.

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