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


To: Jim McMannis who wrote (93427)12/6/1999 5:44:00 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Jim,

Yes, this thread has gotten very quiet.

I was thinking today, that with all the *hot* Internet stocks, *hot* fiber optic stocks, and other *hot* opportunities, Intel has become the General Motors of tech stocks. Almost a widows and orphans equity if you will. Viewed as conservative growth with limited downside.

So when do you think the techs will correct (I assume you don't think the current valuations are reasonable)? Were you calling for a major Y2K correction towards the end of October? Still think that is in the cards?

Personally, I never remember a rally as *relentless* as this one in the NASDAQ. We are long overdue for a healthy pull back, and I would rather see it sooner than later.

John