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Intuit Inc. Message Board

  • hellostockpicker hellostockpicker Apr 14, 2010 12:08 PM Flag

    worldbefree....How's that Intuit short position working for you?

    Just wondering how you're doing with your short position.
    :)

    Me? I sold today at $35, with a nice $7 gain from a long term position..right before April 15th....and probably right before the usual cyclical nature of this company's stock.

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    • This quarter may have more upside than past years. The Mint.com acquisition will boost Turbotax's revenues. H&R Block has done a poor job executing and more people file using software (in this case Turbotax) than in the past.
      *More customers
      *Same sales price
      *Lower development and distribution costs

      With the stock hitting new 52 week highs, bumping up against the upper range of its Bolinger bands, and earnings around the corner, I'm not selling just yet.

      Then there's quickbooks and quicken, two decent plays on a recovering economy.
      I use the payrole services for my business. They are GREAT. Seriously.

      Yes, I'm bullish.

 
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