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: SouthFloridaGuy who wrote (66497)	10/13/1998 9:08:00 PM
From: Mo Chips	Respond to of 186894

<<And if you for one minute think that INTC is going to miraculously break into new highs, you've got another thing coming.>> I did not say this, DO NOT PUT WORDS IN MY MOUTH - POOF DADDY <<The only reason the stock isn't lower is because the company itself is supporting the price.>> On what do you base this? The company only bought 20M shares in the last 3 months, and INTC has not declined much compared to the market in a high volume, highly volatile market. Remember, the 20M shares bought this quarter are only ONE DAYS volume worth. The stable price is really supported by thousands of investors. If they didn't want the stock, no matter how much INTC bought, the price would fall. Your claim is baseless! <<INTC will retest the lows.>> What do you base this on? If you invest like your 'partner' Notorious B.I.G. lived his life, well, you'll be testing a new low - 6 ft lower... Mo

To: SouthFloridaGuy who wrote (66497)	10/13/1998 9:43:00 PM
From: Dale J.	Read Replies (2) \| Respond to of 186894

Puff Daddy, And if you for one minute think that INTC is going to miraculously break into new highs, you've got another thing coming. Wrong. Today's earnings report was fully priced into the stock and it is all downhill from here. Wrong. The only reason the stock isn't lower is because the company itself is supporting the price. Wrong. If they were buying because they thought the stock was cheap, that would be another matter. They are supporting the stock with the hope that Asia and the U.S. economy will get better. Wrong. By the time all is said and done, INTC will retest the lows. Wrong. Congratulations, you have a perfect score of wrongs. When all is said and done this stock will move higher.