Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.59

-0.4%

2:48 PM EST

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To: Jay who wrote (42459)	12/16/1997 10:26:00 PM
From: Paul Fiondella	Read Replies (2) of 186894

If you expect a lower profit then you must also expect a lower price. The stock has not really tested the 60's. After the quarter if it is as you expected the stock should move farther down to a new range. If it keeps up this resistance then perhaps we will have one of those panic sell moves? In the past those moves have been perceived as buying opps. This time with Asia a continual problem, I can't imagine where the buyers will come from.

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