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Technology Stocks : INTEL TRADER
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To: Berney who wrote (3044)6/18/1998 2:24:00 AM
From: Marc Schiler  Read Replies (1) of 11051
 
Berney,

People are buying into EK because it looks exactly like T did a year ago: a dying warhorse. But a few bright souls thought T was a good buy at 30, and doubled their money in less than a year. Since EK has moved recently to cut deadwood, some expect to see a turnaround in the near future. (The difference is that T had a PE of 10, which was expecting to see continuing erosion of market share. EK has a PE of 70 or so the last time I checked.) I have ridden EK up for a point or two in the trading range between 62 - 72 in the last few weeks, but I've been reluctant to stick with it for any length of time.

Regards,

Marc
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