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

To: Dale J. who wrote (42633)	12/18/1997 10:47:00 AM
From: Paul Fiondella	Respond to of 186894

You have identified all the worries "How low can Intel go." and "How low if Intel doesn't meet expectations." I see this low as an interim low. I also expect it to bounce up. However the Asian crisis throws a whammy into that scenario. I then expect it to go down somemore on earnings. But we are in terra incognito here. The low 60's was about all I predicted for Intel and it didn't get there as quickly as I assumed it would. (and still isn't there) I thought it would do a quick down and then go back up. Instead it has been going down steadily with less and less resistance. I don't like this chart. I don't know whether it means trouble if you buy in. I suppose you could say that if you have a long term perspective and the cash it doesn't matter. That's how I feel at the moment.