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

To: xstuckey who wrote (96277)	1/14/2000 1:20:00 PM
From: Mike Morley	Read Replies (1) \| Respond to of 186894

On "permabears" I think I've seen where the permabears live. In Denali Park in Alaska is a patch of pines, right at the edge of the tree line, called the "Drunken Forest". The roots are all above the permafrost layer, so the trees don't grow straight. No, that couldn't be. The trees point every which way, not always pointing down. Mike

To: xstuckey who wrote (96277)	1/14/2000 3:28:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 186894

X, see my note to Paul #reply-12575893. You move to a distant 3rd, since you keep sullying your insults with substance. -g- To answer your questions in order: (1) I'm having way too much fun. (2) I sure spotted the bull market in genomics stocks (#reply-12521898). Has Intel put on several hundred percent in the last few months? See also #reply-12543318. See also my x00% gain on AMD calls a few weeks back (didn't I post to you about that one already?). (3) Even if the market expects another quadruple of Intel Capital's portfolio in 2000, that's only another $25 billion. It's not earnings, its investment. Yet INTC added $40 billion in total market cap on the investment-derived earnings surprise. (4) The 'imagined' bear market is real for a lot of stockholders. I've done fine despite avoiding the most successful sectors, highly-valued large-cap technology and the internets. (5) I'm not predicting a bear or a bull market; I never have. I am noting that there is no way Intel shareholders who buy and hold make more than 11% over the long term (30 years). At current prices, I predict more likely under 8%. -mb