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

To: Glenn D. Rudolph who wrote (56311)	5/29/1998 7:23:00 PM
From: Intel Trader	Read Replies (1) \| Respond to of 186894

If you're long and are a bit worried, take heart. Look at where our stock ended up and where (price) the low points have been in Apr 98, Jul and Dec '97. We are at those lows now. Nothing says we won't go any/much lower, but if there is another level of support or bottom to look for it is about 65 in my most humble estimation. That won't last very long when the bull/bear battle ensues, but in my best guess, is where it will take place. As for the delay in Merced, I'm glad to see that management is more concerned about getting a product out that works properly, rather than making transparent efforts at placating the market. True that this hasn't happened at the best time in the world, and we'd like to see our shares valued much higher, but the street sees this company as a trading vehicle. Very soon we'll begin ascent, but shareholders must be patient. With regard to institutional fund put buying, I'm not very concerned about that. Often these entities must 'insure' their long positions, and that is why they bought puts. I'm sure that those puts were not bought cheaply either. Further, everybody now knows that puts have been purchased by long players, and this could set us up for an interesting rally, at worst (IMO again) sideways action for a little while. Remember, they didn't abandon their shares. The talk of Intel issuing a profit warning sounds like another rumor -- we'll deal with that when and if it happens. As for the FTC investigation -- ho hum. Not much to worry about there either as far as I'm concerned. How often have the major players (INTC, MSFT etc) been investigated; it is a fact of life. As for me, I voted today with my bucks and bought Intel stock at 71 7/16. The convergences of a minor production delay and rumors are setting Intel up to become a great value once again.