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Intel Corporation Message Board

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  • mikebert mikebert Mar 18, 1998 9:21 PM Flag

    Should I buy INTEL if I'm looking for th

    I bought INTC at 73 14 months ago. It's 76 now. This is a good company, but it's going through some tough times now. There
    is no reason to believe that this stock will permanently move up beyond the 70's any time soon. This stock was at 70 last fall
    when the Dow was 800-1000 points lower than it is now. It rose, along with the market, early this year and hit 95 before falling
    off. After the earnings announcement it fell to the mid 70's, where it has stayed. All the while the larger market continues to
    rise.

    It is likely that at some time in the not too distant future, the market will correct somewhat, and INTC should be available for less, probably less than 70. You can buy it then. If you don't want to wait, then I suggest MSFT. Then if a few months from now you happen to see INTC really cheap you can sell the MSFT and buy the INTC, otherwise just keep the MSFT.

 
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