$55 - $60 is the near term trading range, then
that's what it will be. Once this sucker's rally is over
and profit taking starts, this stock will be there.
Remember, this stock is currently up more than 50 % from
its june low of 50.
Just have a bad habit of totally ignoring what
companies like INTC are doing to branch out from their old
product lines. INTC executives are not stupid - they got
where they are by being innovative and being first to
market on most of their products. They have many new
ventures in the pot and the "analysts" know this, but they
go for the "slam" because they know it will get
their name noticed - it's a lot like being a professor
- publish or perish. imagine coming up on deadline
and having nothing to write about - they gotta be
sweating bullets most of the time.
A good bit of the
new venture stuff these big companies are doing is
under stealth wraps because of the rapid technological
advances that many companies are making right now. "First
to market" is paramount in these times and they
can't afford to have someone take away their ideas or
markets before they roll out. A case in point is the work
that INTC is doing with a small OTC:BB engineering
company called e.Digital in San Diego. They are
developing handheld digital recorders for INTC and are
working on Voice-to-text and text-to-voice applications
also. Dr. Skip Matthews, former Sr. Project Development
Manager for INTC, just retired (8/1) at age 54 from INTC
after 25 years there to join the board of directors at
EDIG. Another former INTC manufacturing guy who works
for YHOO now also joined the board recently. Only
sketchy reports are available as to what is going on, but
it appears something major. Of course, Barron's
wouldn't be interested in this - ya know - someone might
actually make some money off of this !
when the internets are way up and way overbought,
then barrons can come out with bashing news and get
away with taking credit for stock control, because
they are sky high and nobody really knows what they
will be worth in the future or which ones will
survive. but intc has established a solid history and is
not liable slow down in growth for a very long time.
it has many resouces to expand upon, it has the
size, and it will continue to search out new avenues of
more than 50% since its June low of 50? I'll tell
you. Because it is a great company. Wake up dreamer,
it aint going to 60. If you don't soon wake up, you
will find yourself caught in a short
Lehman says $100 in 12 months.
There has not been enough of a correction in this
stock, or the Nadaq composite, to drive stocks to new
highs. If you think this is a real buying opportunity,
your dreaming. Too many bets to downside are on the
table right now. To argue for any sustained upside run,
at this point, is either hype or stupidity!
Intel Corp. (INTC) 76 15/16 +2: --UPDATE-- chip maker to name high performance Merced microprocessor "Itanium" as its brand name; Itanium chip will use Intel's new IA-64 architecture.....
barrons tried to make a judgement call on what
the price intc should be trading at. its obvious the
market disagrees... intc to 80+ after fed meeting. it
will be shorts like you that help intc head higher.
cant wait for barrons next bearish signal on another