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At 09:10 PM 3/5/98 -0500, Patrick Slevin wrote:
>Personally I am not a stock trader. I may never own INTC.
>
>But I get the feeling that all the news is not out on INTC.
>
>While you fellows are looking for 85 and 120, is it possible that the
>island reversal in the chart points to 65?
>
>I don't want to throw water on the party, but it seems the "Buy the Dip"
>reaction to this selloff is perhaps unwarranted.
>
>Suppose the rumor on GE earnings is true; the Dow monster will bring the
>entire party to a close.
>
>Just an opinion.
>
>--PJS
>
>Peter Namtvedt wrote:
>>
>> At 12:14 PM 3/5/98 -0500, richard tobiassen wrote:
>> >hi,
>> >i just went long again.......hoping for 120 by november, but willing to
>> >settle for 85 in the near future........any intel bulls out there
>> >?????????or bears?????????
>> >good trading
>> >rich t
>> >
>> >
>>
>> Don't see a reason why it can't be $100 by year end. Is that a great
>> return?
>>
>> Pete
>> petena9090@xxxxxxxxxxxxxx
>
Patrick,
I am not a buyer at 75.
Your counter that it could be a buy at 65 sounds reasonable.
The PE suggest it needs to go even lower. But still...
It could be around 100 by year end. Why?
If anyone tells you that there is no real future for this
technology, tell them they are full of shit! The Dow could
drop to 7000 or rise to 11,200 (my guess for 1998 high).
Nevertheless, high tech is not stoppable.
Pete
petena9090@xxxxxxxxxxxxxx
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