Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.26

+0.5%

3:59 PM EST

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To: Amir Desai who wrote (1133)	4/22/1996 11:49:00 PM
From: Joel R. Phillips	of 186894

I'm getting that "gut sell feeling" too, but I am resisting it. At this point I think Intel is moving into overvalued territory, and I wouldn't be surprised at a correction down to high-50s. But I established this position for the long haul, so to me it isn't worth the risk and commissions to try to scalp a couple points. From my position, and maybe I'm out of the loop, but there doesn't seem to be a strong fundamental underpinning for the recent rally. Intel is leading the sector up, but why? Some analyst upgrades and rumors business is picking up? Relief that last quarter earnings weren't worse? Makes me nervous. --joel

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