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Intel Corporation Message Board

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  • mikebert mikebert May 22, 1998 7:45 AM Flag

    You People Make Me Laugh

    I agree that Intel is a good company. But why pay
    more than you have to? I'm sure you would have thought
    that buying at 85 a couple of weeks ago was a good
    idea. I say buying at 75 now is better. And buying at
    even lower prices is still better.

    I'm deep in
    margin as it is. I certainly can't justify paying a
    premium price for a stock, no matter how much I like it.
    And the simple fact is, 75 is still a premium price.
    The fundamentals of this stock have NOT improved over
    the last 18 months, they have gotten somewhat worse.
    You could have bought INTC as low as the mid-60's
    (split-adjusted) during the last 18 months. Thus, it seems
    reasonable for INTC to be on sale for perhaps as low as 60
    sometime (maybe only for a day). So I have my limit order
    set.

 
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