Lucious, re"The cloud hanging over Intel is now
so universal, that the only thing that will send the stock up is surprise upside earnings,
and I don't see much chance for that until mid 1998 at the earliest."
C'mon, you know better than that. The stock right now is trading at 18+ TRAILING PE, and all the bad news is already factored in (flat 1998). Right now, the Big Money is waiting on the side-lines playing cat and mouse to see who will make the first move. Until then, the stock, I agree, may drift lower to the mid/high 60s, but it wont stay there long. Then, we may get a few weeks of basing in the 70s, before the stock takes off again 9within the next 2-3 months). This has been the pattern for Intel twice before this year. For intermediate/long-term investors, this is a great opportunity. I'm buying now, and I'll be buying into the 60s if need be. I'll be patting myself on the back this time next year.
joey |
