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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: gc who wrote (89283)10/2/1999 8:30:00 PM
From: John O'Neill  Read Replies (1) | Respond to of 186894
 
>>
Barrons says INTC should be traded below 60. Well, why didn't Barrons say so when it was traded at 90? The stock has been down 16 points from its high. Someone wanted to push down a few more points before buying it.<<

this is true....that's an analyst for you...look at Blodgett saying internets are fantastically overpriced (after market close on Friday)...Blodgett was the one who started the big recent internet rally and merrill thru gas on the fire by announcing it's new HHH internet trust shares....since Blodgett is a mer analysist...where's the integerity?? I guess that's a rhetorical question...

I made my prediction that INTC would trade down to $50 when the stock was near $90 recently..at least i'm a straight shooter...

Paul E gave me my first direct answer in a year when posting that it would not depress him if INTC did correct to $50.....i consider this logical since he is a very long term investor, and INTC should do well in the long run...