Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.61

+0.8%

9:45 AM EST

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To: Mohan Marette who wrote (42443)	12/17/1997 12:51:00 PM
From: Rarebird	Read Replies (2) of 186894

Intel is clearly in a short term bear market. I would expect the stock to bottom in the low to mid 50's this spring and then rally well over the $100 level by the end of 98. There are alot of short term worries and concerns that are causing the selling: Sub $1,000 PC's, Southeast Asian crisis, Pentium II transition, Margin pressure, and reduced earnings estimates by many analysts. However, long term the situation looks great. In my opinion, loading up on this stock as it falls into the $60's and $50's over the coming months will produce a great return over the ensuing year. If you can think a year out and not get caught up in the short term insanity the payoff will be great.

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