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

To: Road Walker who wrote (42220)	12/14/1997 11:52:00 AM
From: harrypolo	Read Replies (2) \| Respond to of 186894

John, human nature doesn't change. And there is no telling what the market will do to a stock price...I don't care how smart you are and I don't care how strong a company is. When trying to understand markets you also have to take into consideration mass psychology. Right now, despite the drop in tech prices...most people still think that prices will rebound. That's because of the quick rebound in 1987...and the even quicker rebound last October. But the markets are still too high. Some would they the markets are MONSTROUSLY overpriced. We haven't had a real correction since the start of the bull market in 1982. Sooner or later the rubberband will snap. Most of us have had some wonderful gains. Now it's time to take some of the money off the table.

To: Road Walker who wrote (42220)	12/14/1997 1:28:00 PM
From: royco	Read Replies (1) \| Respond to of 186894

John, Re: INTC/contrarian mentality Agree with your post, and while those who ignore history may be doomed to repeat it, we are in a technology-driven economy where there is, at least, disinflation, with virtually NO unemployment, and exc. growth. The paradigm changed while the FED was not convinced until recently. While everyone bows before Alan and the Fed, IMO they cannot decide to do anything because the old rules don't apply. They have been behind the 8-ball for 1-2yrs. Short term rates are much too high, but the economy will adjust whether or not lowered. SEA is filled with corrupt, incestuos govt. and corporate lackeys who may finally be forced to clean up their act. Intc will be a standard- bearer for yrs. to come. Stock price is a joke (& We're still up 2.75 "x" our cost to date). Naysayers will allow the enterprise value of Intc to double many times over. Short term there may still be valuation problems, transition issues, but mid.98 to 99 and beyond this & other leading cos. will dominate innovation and growth in 1st, 2nd, 3rd world economies. Stock price will reflect it accdgly,IMVHO. Royco