Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.68

+1.0%

1:07 PM EST

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To: Jim McMannis who wrote (63540)	8/28/1998 4:14:00 PM
From: Tenchusatsu	Read Replies (1) of 186894

Jim, Having touched the 8000 level on a theoretical basis there is a strong chance of a nice rally from here. At 75 and change I believe Intel has put in at least a short term bottom. Should start a nice bounce now. AMD as well... Sure it's not a "dead cat bounce?" Right now, the buying opportunity exists for any high-tech stock, including Intel, AMD, Rambus, etc. But the fear could be that this is the straw that breaks the camel's back. First Asia, then semiconductors, now Russia. As I heard before, a lot of people get burned not by the initial drop, but by the subsequent drop. Have we already seen the subsequent drop, and can we say that the worst of this latest downturn is over? Tenchusatsu

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