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Intuit, Inc. (INTU) Message Board

  • investingspook investingspook Oct 31, 2001 12:23 PM Flag

    Calling Matt, Maurice, Cyber, etc...

    Matt & others-

    It's been fun watching y'all go back and forth, but I'd really like to hear an analysis of what fotograf brought up:

    "Can somebody intelligently explain this "new" behavior with Intuit in that it seems to act like a defensive stock, when the Nasdaq faces pressure, money goes into INTU (kind of like today)

    I think that it is too simple to say that because INTU has a track record of meeting expectations, that money will flow into it because the rest have warned...."

    Any thoughts? This has been confounding me, too. Someone else on the board notice that INTU was tracking with a drug company, of all things. Wassup?

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    • I too have noticed that behavior. In fact it has been annoying when trying to swing trade on market momentum. I think it may be as simple as what has been said.

      When tech is having trouble, money often seems to flow into INTU like it is a defensive play. Solid, predictable, dependable results even in a weak economy. However, in a strong economy or a period of bullish investor momentum, 25% growth is too ho-hum when compared to the volatility and potential of CIEN, QCOM, JNPR etc... If you had the guts to buy CIEN when it dipped to single digits a couple of weeks ago, you would have already doubled your money.

      So, I think it may just be viewed as a defensive bastion on tough days (instead of going cash). The price is not sustained, so it is definitely not long term investors driving the price up on bad overall market days.

      On a different note, INTU historically seems to price higher in the next 2 quarters due to the positive earnings during the tax season. The fact that it is near 40 now might mean a nice move up (temporarily) come spring time.

    • I don't know why INTU acts the way it does. No one does. The market has too many variables attached to it, and is affected by all of these variables in one way or another. The market is fluid and is DEEP! Deep meaning beyond comprehension.

      My take on the subject, well that's another story.

      INTU is the leader in the TAX software business. I don't care what anybody else says, they are tops. Unfortunately it's a big world out there and there is more to life than death and taxes, as everyone professes. The internet will be the biggest moving force in life way of life in the very near future. What I mean by that is straightforward. It will be relied on as much in the near future as your car is relied on today. It will be the most used form of transportation, and will commandeer our life transactions. We will do most everything that we do today in our car (vis a vis travelling to wherever we want to go to transact business) via the internet. How important do you think it is for INTU to be a B2B in the very near future. eCommerce is the future!

    • "Can somebody intelligently explain this "new" behavior with Intuit in that it seems to act like a defensive stock, when the Nasdaq faces pressure, money goes into INTU (kind of like today)"

      Its not new behavior for Intuit, I was watching it do it back in the summer of 2000 as well.

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