Too many gamblers in this market. Too many people
investing on hype, as fundamentals and earnings momentum
just don't seem to matter anymore.
Intel is a
widely recognized name and that is all anyone seems to
care about. It wouldn't matter if Intel was at $200
right now, there would still be people throwing money
at it. I have been trading for 7 years and have
never seen such a lack of regard for true value. The
stock market is the new American slot machine. You are
no longer investing, you are gambling. At this rate
if Intel missed the quarter by .25 cents it would
probably go up $5.00
Do your own research and check
the graph on my website to come up with your own
Not that an educated opinion means anything
Best viewed with resolution set to 1280x1024 in
Netscape or your favorite graphics program. Takes awhile
to download but it's worth the wait.
but why wait for the low 70's to buy. Why not
make money on the way down? Intel seems to be very
close to the top of its trading range. Say anything you
want about Merrill but a downgrade is a downgrade. I
look at this as an opportunity. Bought Oct 85 puts
this morning for 3 7/8. I'm still very bearish on the
whole market too. I still expect to see the DJIA at
7500 by the end of Oct.
Kurlak has downgraded this stock every possible
way -- short term, long term .. you name it. Seems
like he will have to invent a new category of ratings
if he wants to downgrade any further.
boy has cried wolf too many times.
The next generation of chips to come is Merced.
It has already been delayed for another 2 years at
least! Intel is having engineering problems with the
There is talk that Intel will be producing the Alpha
for CPQ which is good.
I have some big concerns
about Merced ever happening! The Pentium Architecture
can NOT be expanded any more and the Merced
Architecture, from an engineering standpoint maybe physically
impossible to create!
Ask Intel how many Project Managers
have been on the Merced project in the last 2 years!
At least 4 and they keep looking for the genius.
Since we're in now what? Wait for a devine sign?
Is Intel Coming Out with a Pentium III(pentium II
has been out over two years)and what about Apple-what
was the deal with that?
Kurlak downgraded this thing at 70 and he's
trying soooo hard to be right. Good Luck. Merrill has
some pissed off clients that sold intel and bought GMH
5 months ago. What now? FUCK MERRILL! Their WRONG.
They probably have a big buyer and this a great way
for them to get long stock. Don't put it past anyone.
They did all the selling in MU for Vinik back in the
day. Stock probably closes up!