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

To: Pigboy who wrote (42047)	12/14/1997 6:38:00 AM
From: Arik T.G.	Respond to of 186894

Pigboy, Pardon the late response. >> Have you not noticed the GIANT TECH CRASH>> One couldn't miss it. But it was still confined to manufecturers- KLIC, SEG, MU and the like are producers of goods. The crash didn't touch YHOO, AOL, PSFT, MSFT and other suppliers of services and sw, ORCL being the exception. ORCL may be suggesting the broadening of the spectrum of the crash to other sectors, or may be an isolated case. PSFT behavior lately supports the former. This one has broken local support and 5 days EMA crossed 21 days EMA down. >>Just what do you consider a crash?>> A 25%+ drop in the SPX in less then 6 months, and failure to reach new highs for at least a year. That's a small crash. Here's a big crash: lowrisk.com A crash would bring the SPX price to book under 2 (currently 5). I do not consider INTC to be amongst the most overpriced stocks. There are YHOO, KO, MRK and others I wouldn't consider as a buy at half the current price. IMO rational price range for INTC is 60-75. T.A. suggests otherwise- a correction to 75 and then down to the 50s. It may be a buy there. YHOO I would buy under $10. ATG