Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.49

+2.6%

3:59 PM EST

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To: Darin who wrote (41423)	12/4/1997 10:22:00 AM
From: Jim McMannis	Read Replies (1) of 186894

Best Buy is an example of how stupid Analysts can be. A couple of years ago Best Buy was 30 when the cutesy analysts like Dana Telsey decided that they couldn't make any money because they were giving no interest or payments for a year. She figured that Best Buy would never collect. (Never mind that the debt was sold to outside companies.) So everyone sold the stock down to about 8. Now all of a sudden the stock is worth 35. Never the less, the stock did go from 30 to 8 to 35...but was it ever worth 8? Probably not. And she still has her high paying job. Jim

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