Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.34

-2.6%

3:59 PM EST

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To: SouthFloridaGuy who wrote (66497)	10/13/1998 9:43:00 PM
From: Dale J.	Read Replies (2) of 186894

Puff Daddy, And if you for one minute think that INTC is going to miraculously break into new highs, you've got another thing coming. Wrong. Today's earnings report was fully priced into the stock and it is all downhill from here. Wrong. The only reason the stock isn't lower is because the company itself is supporting the price. Wrong. If they were buying because they thought the stock was cheap, that would be another matter. They are supporting the stock with the hope that Asia and the U.S. economy will get better. Wrong. By the time all is said and done, INTC will retest the lows. Wrong. Congratulations, you have a perfect score of wrongs. When all is said and done this stock will move higher.

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