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Intuit, Inc. (INTU) Message Board

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  • mauricethepantsman mauricethepantsman Aug 22, 2001 1:02 PM Flag

    The shorts are very panicky

    J_Smales,

    You are still alive and kicking. Where have you been?

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    • Hey pantsman...haven't been paying too much attention to INTU for some time, but today's action has peaked my interest. I am thinking lots of people were short the stock coming into earnings and then got surprised when they didn't do so bad and they've been covering ever since. Earnings were mediocre at best, which is why I am puzzled it is up so much today. I am still long this stock and it continues to frustrate me. I thought earlier I should just sell the damn thing today and be done with it, but I am going to see what happens into next tax season I think.

      • 1 Reply to j_smales
      • earnings were actually good, there's much more room for organic growth, the cc sounded good...it was way over sold and now we should move to 40+. INTU is in better shape than most techs and their stock port isn't figured into earnings.This company is in good shape and getting better..I've seen many small business people start doing payroll with INTU and there's lots more to come onboard.I sold INTU once in 1997 and that was a mistake! I now hold some to trade, and a long position to hold longterm.