Intel Corporation (INTC) Message Board

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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: Joey Smith who wrote (39168)	11/6/1997 1:26:00 PM
From: mauser96	Read Replies (3) of 186894

I'm not sure all the bad news is in the stock. The P/E has been less than 18 in the past. If memory serves me correctly, it was in the 12 range at one time. INTC has seldom commanded a real high P/E. I'm a long term Intel bull, but I wish I had lightened up more when it was 100. I will probably start buying again if it gets to the mid to low 60's. There is some TA support at 70 and also at 64 or so. This bull run started in early 1996, at a post split 26. Thus it ran up 75 points. A 50% correction would not spoil the long term bull case, and would take INTC to the mid 60's, which also happens to be the bottom of the trading bands I use (2.5 std deviations from a 21 day moving average.( I take TA with a big grain of salt but it is useful in cases like this.) good investing

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