Intel at $200 Message Board

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Technology Stocks : Intel at $200

INTC 40.16

-2.9%

3:59 PM EDT

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To: Kevin OBrien who wrote (251)	2/6/1997 8:29:00 AM
From: yard_man	of 282

I agree daily fluctuations for the most part are simply noise, but a lot of folks regarded these two downgrades (Intel & Cisco) as an oppt'y to take profits. Obvously, intel remains a virtual monopoly at this time, but stock prices are based on perceptions. For instance if a few more analysts were to jump to the other side there could be a decline that wouldn't be just noise. If stocks that have little fundamental value (not talking about your beloved INTC) can be skyrocketed by recco's then stocks which are fundamentally sound can also be brought down. If such an event were to occur before it became apparent that a capital spending cycle were starting to wane -- INTC could be sideways or down for a couple of years despite its enviable market position. Just my opinion. I wouldn'd ignore yesterday until a few more days trading are under the bridge.

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