yes its the stock to buy .
There is also a very high chance amd might not be around much longer. That would add at least 5.00 to the current price and we would be looking at 40.00 way down the road when the world gets back to normal.
I agree with Cisco and Intel within a point of their lows, but I would never say 'all in' on one stock at one price. USO suffers from contango unlike GLD or SLV. Intel is very solid and the dominant global CPU chip maker with a teflon balance sheet, but I buy and sell all stocks in chunks in this market. Trading stocks is the only way to stay alive in this putrid market. One day we will return to buy and hold, but now is not that time imo. Intel is a buy in the $12s, let's hope its not also a buy in the $11s and $10s!!
but I would never say 'all in' on one stock at one price. USO suffers from contango unlike GLD or SLV.
If you read closely you will see I said MSFT, CSCO, INTC and USO. How the hell is that one stock? Also if you understand "contango" you should be smart enough to know that is the reason USO went up when Oil was down. Contango in the foward contracts is easing. That is why people are now buying USO.
CSCO, MSFT and INTC all have pristine balance sheets. Also long USO.
Turns out all were up about all day in a huge down market. Techs and energy.
Who knows when the markets will turn but I have a feeling today (premarket) just might have been the bottom. When the markets turn up it could be huge and I'm ready to be early if I have to.
I loaded up as well, I was down on INTC for quite a while. But after all this market free fall and negative news, INTC held well today. I think we will see a strong snap back rally soon. Nothing falls in a straight line and the Feds cannot let the market fall apart as it's doing.
Gawd's Speed Hair Ball.
Based on the headlines, this could be the moment (as in, it was a setup to skeeer the peeps out again).
Here she comes. Just wish this were Monday instead of Friday, but can't have everything we wish for ... I'll bet Harlum's daddy would have something cogent to say about that.