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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Stonehenge who wrote (4196)10/14/1996 9:32:00 PM
From: Tiley   of 186894
 
Roy, Re: "the shorts have to cover too" - I would not put much faith in the short interest for INTC. We don't know how much of it is part of hedging activities (against the box), I would suspect it might be substantial. Besides, who would be foolish to short this company for the long term. I would say - enjoy our returns - this is way beyond my expectations (long term holder - INTC is the first stock I ever bought on my own), but I would expect the stock to base in the 100-130 area for a year or so and then move based on the long term picture then,

Best Wishes,
MJ
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