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Intuit, Inc. (INTU) Message Board

  • calvinzz calvinzz May 4, 2010 5:58 PM Flag

    Buying Opportunity?

    INTU got caught in tech sector downdraft today which was heavier than the overall market downdraft (likely tech etf selling and wholesale lightening of the load with tech stock that have run higher recently) However, INTU doesn't have exposure to Europe slowing, the Euro dropping or the anticipated China bubble bursting like most other techs.

    INTU gets its earnings in dollars from the American economy and will go higher in relation to other techs because other techs have substantial exposure to Europe and Asia and other currencies.

    In next few days and weeks I am looking for INTU to distinguish itself and run higher as a safe haven and a play on the rising dollar. Not to mention, the company will likely have it's best year ever in spite of recession and is poised to explode to the upside whether the recovery comes in 2011 or 2012.

    Any other thoughts on this?

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INTU
86.82-1.63(-1.84%)Jan 30 4:00 PMEST

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