Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Carpenter who wrote (42134)	12/12/1997 11:18:00 PM
From: Barry A. Watzman	Read Replies (3) \| Respond to of 186894

>re:People were actually selling INTC near $70 per share today. I can't believe that anybody is that stupid. John, its much to early to conclude that these people are that stupid. If Intel goes to $60 (or less), believe me, it won't look like selling at $70 was a stupid move. One could believe that Intel was worth $90, but was going to $60, sell at $70 on the way down and both look and be downright smart.

To: John Carpenter who wrote (42134)	12/13/1997 1:04:00 AM
From: Lee Penick	Read Replies (1) \| Respond to of 186894

I am hoping and thinking they are simply motivated by short term fear. Or maybe they recieved a margin call and had to sell, college tuition due, surgery, or other forced reason. Or sometimes you sell one stock for a loss of 10% cause you want to invest in something else that recently went down 40%. Seems stupid, but there could be good reasons. Maybe they were so bullish they sold to buy the leaps!!!! (can you tell I watch "Spin City" every week!) Lee