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

To: Oral Roberts who wrote (166705)	6/20/2002 2:37:50 PM
From: The Duke of URL©	Respond to of 186894

"Ever hear of Warren Buffet buying INTC or any of the other grossly overvalued techs? Buying " Those that can't do, teach, Jeff. Warren bought owns and makes money of the biggest internet electronic transactions processors in the world. When Warren protests against some tech stocks he is merely being polite, to his credit, he does not say what he really knows. I have always believed that ta followers lack the gene that allows fundamental analysis. TA is like a belief in witchcraft, it's used to explain what one doesn't understand. Although, as I alluded to, in my last post, if EVERYONE is using TA then all you need to do is guess what everyone is betting, not what they are betting on. Oh, and btw, it's spelled, BuffetT. Other than those things I pretty much agree with you. :))

To: Oral Roberts who wrote (166705)	6/20/2002 2:40:14 PM
From: Robert Douglas	Read Replies (2) \| Respond to of 186894

Ever hear of Warren Buffet buying INTC or any of the other grossly overvalued techs? Buying these stocks always was speculation in it's purist form. No, Warren Buffett never bought Intel or Microsoft when they were overvalued. But he never bought them when they were undervalued either. He doesn't buy tech stocks because, as he says, he doesn't understand them. That doesn't mean he thinks they are a speculation. Kind of ironic how TA clearly pointed out the stocks demise? Funny, that's the opposite of what I would say. Most technical analysis is based on the premise that what is going up keeps going up and what is going down keeps going down. It's the fundamental guys that were ringing all the alarms during the bubble days.