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Intuit Inc. Message Board

  • mauricethepantsman mauricethepantsman Jul 12, 2000 12:38 PM Flag

    The bulk of these strong sells

    are not institutions selling. They are the
    individual investors that, for whatever reason, do not want
    to hold this stock until after the upcoming earnings
    announcement in early August.

    I can appreciate their
    uneasiness and lack of internal fortitude. This stock is
    very roller coaster like, but it is changing it's
    image and it's long term outlook. Everything to the
    Internet is their goal. This stock is making a name for
    itself in the B-B industry.

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    • Today's drop is most likely profit taking. I
      don't see many big blocks trade too, so most people who
      sell are individuals. INTU has been on a rise for the
      past two weeks from 30s to mid 40s. The earning
      release is still several weeks away, today's drop should
      be related to that yet.
      Of course, I wish INTU
      will do good today since Nasdaq is on the rise.

      • 1 Reply to positivesign
      • INTU seems to trade flat or down when some other
        player in tech has a big news to drive NASDAQ up. (i.e.
        YHOO) I have had a position with INTU since the high
        20's early 30's, and this has been the pattern.
        trade down this far on a no news day for INTU is
        definitely a good time to add some shares for the long run
        (to the 70's by years end), or a quick 'day trade"
        for a 2 to 3 point gain from the 41 1/2 level or so
        today. INTU could easily trade to 44-46 by Friday. There
        seems genuine support at 40.
        Good luck to INTU

    • yesterday.

94.56+3.15(+3.45%)Feb 12 4:00 PMEST