New 2 year low today. INTC was at this same price in 1997. Stochastic chart shows oversold condition. In my humble and often wrong opinion I think INTC will hit 19.50 intraday tomorrow at which point I will sell. ( I got in @ 19.29 today) within 1 year will be at 22-23 for long term investors(might bottom out around 18 though). PC sales are slowing and AMD is gaining market share. INTC will come back though. I am just here to make a quick buck at the MM's expense. I am lucky to have enough $$ to take these small gains and take the profit. I am almost completely out of the market right now as I belive that it is headed south. I believe the S&P will drop 5%-10% in the next 5 months. IMHO GOOD LUCK everyone and happy trading.
Want another oversold, but much RISKIER bet for tomorrow look @ PLAY. It dropped 4% today after being upgraded the day before. They make components for the IPOD. Stock is under alot of short pressure, but it will bottom out soon. You can make money intraday if you trade it correctly.
I am lucky to have enough $$ to take these small gains and take the profit. I am almost completely out of the market right now as I belive that it is headed south. I believe the S&P will drop 5%-10% in the next 5 months. IMHO///////////////
As long as people are so damn pessimistic I think this mkt continues up.....
TRE is selling @ 30 times book value ( I would never buy at that level)
It says to buy TRE when in fact TRE is way overbought. based on what it says about INTC I would actually think that is a positive note. When all indicators show negative a stock is near its bottom. Just the opposite is true when a stock is at a peak.