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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Rob Mannel who wrote (1755)	1/13/1998 9:30:00 PM
From: Nuni	Respond to of 11051

Oopps! You're lost. You somehow ended up on an Intel thread! You're talking about Motorola aren't you? Definitely not Intel.

To: Rob Mannel who wrote (1755)	1/13/1998 9:40:00 PM
From: MonsieurGonzo	Respond to of 11051

Rob; RE:" Why should this stock go up ? " I don't get it. Why should this stock go up? There has been no earnings growth for the past few quarters, and none in the forseeable future. How can people continue to be bullish on this stock? Once people wake up, this one SHOULD drop. Increased competition, lower margins, OEMs using generic chips, slow down in Asia, all spell lower share prices. But, no one seems to realize this. vraiment - what you say is indeed, true, Rob. One explanation is that F/A (the factors you mention) drive a company; but T/A (the sheer movement of prices UP attracts buyers, DOWN, sellers) drives the stock. Berney expressed this well the other day. I see Intel as a symbol of the TechStock sector. For some years now, we TechStock investors have bought on dips and held long-term. Some of us have become quite adept at picking entry points. Many of us (like me) have discovered (this last year) that we are wholly inadequate at picking exit points. This is the legacy of the typical, large-cap TechStock investor, IMHO. This is why a "trading range", which is what has existed in TechStocks since AUG-97, is so difficult for many of us, (like me, for example), who - even though we are working with large portfolios, and have done so for a number of years - have been so frustrated by our inability to simply bail out, flip over and make money the other way. There is all this money, taken out of the TechStock market since the end of QTR-3 1997. A lot of it has gone in to bonds; not much of it has gone back in to Techstocks, from whence it came. People want to buy TechStocks. Any reason will do. They want that trend back, Rob. Intel is the locomotive that pulls the freight of the TechStock trend. -Steve

To: Rob Mannel who wrote (1755)	1/13/1998 11:04:00 PM
From: Berney	Respond to of 11051

Rob, Its been doom & gloom around here for quite a while, and, frankly, we're having a party! I am sure another big analyst will come out and tell us its time to worry about Qtr1, but for now, we're in heaven. Intel missed the silly earnings estimates by a penny or two the last couple of quarters and the bears mauled the stock. Let me say that from an FA perspective there is no finer company. You talk about overvalued. How many big caps sell at a discount to their historical rev and eps growth,long-term projected growth rates, have a decent balance sheet, and a commitment to radically reinventing themselves on a constant basis. No, from a FA perspective there are few opportunities such as Intel. The problem has been TA, as Intel has been the focus of the ultimate battle between the bulls and the bears. And, IMHO, after 14 weeks the winds are changing. Again, I believe we need to survive IBM's earnings and the tech sector will be due for its turn in the sun. Avoid standing in front of trains in forward motion. And, good winds to you! Berney