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Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%Dec 31 3:59 PM EST
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To: Rational who wrote (38887)11/4/1997 11:42:00 PM
From: Barry A. Watzman  Read Replies (2) of 186894
 
I think that INTC's price could very well go below $70, possibly even down to or just below $60, but I would not expect it to stay that low unless there is a repeat of last Monday that is deeper and sustained. The fact that the small investor held on so well reduces the chances of that happening -- the post mortem of last Monday's crash is making the small investor look great and the MM's who sold look like fools and amateurs.
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