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I don't disagree about INTC's long term prospects, perhaps when we post
a question (as you did) asking whether there are bulls or bears on the
stock we should specify more precise time frames. You said that 85 would
be a nice return in the near future. I don't know what the near future
is. It's a relative term.
The inference I drew was that you were a buyer and it was all up from
here. I think if you reread your original message you would see how I
would arrive at that conclusion.
I think next year should be a bang-up year for INTC, as from what I read
knowledgeable people are postponing buys until the combination of NT 5.0
and the BX chipset arrive.
But would I buy it now? No. Because I do not think the downside business
is out of the way yet.
My view is from the perspective of someone who is speculating for the
purpose of making a profit. I don't mean to come off as if I am
hammering one of the investing communities favorite stocks. I have no
particular emotional feeling for INTC one way or the other.
--PJS
>
> 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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