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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (3417)	9/24/2000 11:25:34 AM
From: Voltaire	Read Replies (2) \| Respond to of 65232

Another perspective wintelco1 9/22/00 1:25 pm From Jim Seymour of RealMoney(Street.com): Consider the meat of the Intel warning: Weaker demand than expected in Europe for Intel CPUs -- no surprise there -- and maybe a quarter-over-quarter increase of only about 3%-5% over second-quarter sales of $8.3 billion. Gross profit margin around 62%, down from the 63%-64% of Intel's earlier guidance. That's it. And that doesn't equal a 20% drop. Consider that if the overnight bloodletting bottoms out around 49, that puts Intel back where it was, split-adjusted, in late January, and still up about 20% for the year. Not much consolation, I know, if you bought in, say, late August, in the mid-70s, but worth considering. Even more, do you really think Intel is a $49 stock? Or that the price is going to be in the $40s in a couple of weeks? Not me: I suspect it will recover to the upper $50s pretty quickly, and into the $60s -- where it opened Thursday -- within six or seven weeks. In other words, if you're an investor, not a trader -- if you have a chunk of your 401(k) or your kid's college fund tied up in Intel -- this is a stupid time to sell

To: Voltaire who wrote (3417)	9/24/2000 12:34:41 PM
From: Ex-INTCfan	Respond to of 65232

V, well, the bright side of ignorance is that without having people to panic out of stocks like INTC in situations like this, there would be nobody from whom to buy. I took advantage of the situation to take a much larger piece of Intel than I usually hold for any stock. I'm very comfortable buying at this level -- kinda feels like an favorite old pair of shoes -- can't cause the pain of a pair with which I'm less familiar and they'll get me where I want to go. Funny finding myself with a larger-than-normal position of Intel again. It is one of the stocks that did very well for me a few years ago, and I subsequently rolled the money into other investments. INTCfan