Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.59

-1.3%

Feb 4 3:59 PM EST

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To: Kashish King who wrote (12838)	3/1/1997 2:31:00 AM
From: Chuck Martin	of 186894

IMHO, RayW is clumsily trying to scare us all out of our long positions. I'm sorry to insult you Ray, but you are dead wrong. Intel is not going out of business any time soon. I can't see any change in the fundamentals. IMHO, this will be a $200 stock in 12-24 months, if not sooner. So far, I've taken advantage of this mini-correction by using all my available cash to buy INTC and INTCW. If the price drops to Ray's $80 target, I'm going to buy on margin. Ray, do what you like, but I strongly advise you not to short INTC. The maximum downside of a long position is all your money, but a short position's downside is infinite. This is not a PressTek with an astronomical P/E. This stock's P/E is less than the market's, and when it bounces back, it's gonna bounce high. Chuck Martin

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