50 is definitly not out of the question. I sold my 50000 shares today. I bought at 64�...I have made my money back plus a little more. This company is becoming out-dated....and FAST. I won't be surprised when it goes to 50 and lower in this coming year.
If this stock goes down to fifty, this won't be the only stock in trouble. You are talking about a magnamious drop in all tech stocks, 6000 and below in the stock market, panic in the streets, and many fund managers left begging at major intersections near you!!!! Intel is on building #7 and my high up friend (as in 'in my wedding') tells me they have already filled it and are making plans for #8 as #7 is being completed. I loaded up at 69.625 and I am not looking back! Why did you wait until it was 70+ to sell anyways? It was close to 90 a month ago. You left 1 mil on the table!
Say what you want about Stockmeister999's decision to sell his 50,000 shares at $70, after purchasing at about $64.5. But as I've been told by senior investors much wiser than myself, "Nobody ever went broke selling at a profit." Also, remember that a bird in the hand is better than two in the bush.
all i can get from your message after getting somewhere around 35m in proceeds(assuming it is true) is that you want as many investors to dump their sharesso that the price goes down which will provide opportunity for you to buy. Why bother manwith this board otherwise. It is the end of the year!!!take couple of millions and go to hawai and relax!!!!
Stockmeister, it appears that you made a bundle by selling your 50000 shares of Intel on Dec. 29. Congratulations! However, I don't believe that Intel is "becoming outdated". With their exceptionally strong R and D divisions, healthy balance sheet, forward looking executives, new fabs in the works and the ability to stay several steps ahead of aggresive competition in product development, "outdated" is among the last of the descriptive terms that comes to my mind when I think of Intel. Why do you think it is, as you put it, "becoming outdated...and fast"?