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

To: Gary105 who wrote (42069)	12/12/1997 10:49:00 PM
From: Barry A. Watzman	Read Replies (1) \| Respond to of 186894

>reward is that gap between 85 -90 is filled and stock moves beyond that point. risk is that gap in the mid 40's is filled. each scenario can be supported by fundamentals but only after the fact. ta is good before the fact indicator. right now intcs ta is very weak. It's really hard to imagine INTC at 40; you would have a P/E of TEN for a company with a five year average growth rate of 40% per year, and even if you think that 1998 will be "weak" (Intel's weak is everybody else's outstanding blow-out), don't forget that MERCED is coming in only about 18 months or so. Anything can happen, but Intc at a P/E of ten would be a real stretch.