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Technology Stocks : Intel at $200
INTC 41.46-0.1%3:49 PM EDT
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To: yard_man who wrote (254)2/6/1997 8:50:00 AM
From: Rob Rob   of 282
 
With all due respect, "Intc down for a couple of years" is simply ludicrous. It won't, can't and not going to happen. We are at a point where technology "touches us all" (pirated from a GE ad). Computers are more mainstream now than they have ever been. More and more people are getting "connected". The connected computer is becoming a must have appliance in the home. This was not the case even three years ago. The large and financially stable technology companies will continue to lead any major market advance into the forseeable future.

This short term volatility is all this is. These stocks had to take a "breather" for the time being. Technology stocks almost always do in Feb. and in the summer. Its "almost" always predictable. These times are buying opportunities for the savvy investor or for those late to the party. We would have to have an all out BEAR market, one we haven't had for over two and a halve decades for Intc two "move sideways or down" for two years. The fundamentals of the market are not in place for such a correction. However, Do remember if you had of bought many of the market leaders even at the height of the market before any of these corrections you would be much wealthier today. Its almost always a good time to buy leaders for a long term investor. Trading is a different story. Good luck.

Rob Rob
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