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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Jim McMannis who wrote (41539)12/5/1997 8:57:00 PM
From: Paul Fiondella  Read Replies (1) of 186894
 
"The GX notebook will be THE blockbuster product...trust me."

This is very insightful Jim and it has implications for INTC.

My only question is to what degree does the present price of the stock reflect what most people on the Street think about INTC (that it has not responded to the sub $1000 phenomena and will not be able to for at least a quarter) and to what extent does it reflect what we see on this thread---the continued belief that the company is this terific investment about which one has to think very little before buying at virtually any price?

If the latter are in the majority then the stock takes another dip into the 60's either preannounce or after the New Year. If the former are in the majority then the stock has hit its lows for awhile.

I tend to think that the smart money is out of the stock.
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