Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.53

-0.1%

11:47 AM EST

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To: Boplicity who wrote (9303)	1/25/1997 2:28:00 PM
From: Sajjad	of 186894

The run down of intel stock in the mid afternoon session on Friday was clearly bond market related. But the late afternoon sell of was triggered after the bond market had stabilized. It appears that Intel and some of the other hitech stocks can go thru a normal profit taking session ( 7-8% correction) and continue upwards. Buy and hold would be a better strategy. The problem will be to differntiate between the profit taking mode, that can be a two to three week cycle , and a corrective mode that extends beyond that. Intel recently went thru a 8.5 % corrrective cycle and went to higher grounds, However with big January effect out of the picture it might be a different situation now.

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