It is idiotic to invent reasons for the sell-off or to ask me to give them to you. Get your nose out of this stock and take a look around. Read Barron's. Read IBD. Look at CBS Marketwatch. The sell-off isn't about Intuit. It's about the crescendo of warnings about overvalued New Market stocks.
. . . Read the full-page ads that Paine-Webber is running in IBD . . . Listen to CNBC . . . Remove your nose from your ass and these boards and wake up . . . Look at what is happening to the Nasdaq stocks in general . . .
If ahead, take your profits. If behind, take the pain now. It is nothing compared to tomorrow's pain. Sell or repent!
of all the competition comming out against INTU and the real investors see that it cant last forever. You cant corner the market forever. As MSFT has learned. This is a good example of a sofware stock which is getting alot of competition and could hurt earnings in the future.
escapes some of us. It is true that competition comes out all the time but to use this as an argument right now during a drop of almost 200pts in the nasdq doesn't make a bit of sense. Also, regarding competition, IBM has competition coming out all the time too as well as HP, Gateway, Dell, etc. I don't think that I would fold up my tent on Intu because of some logic such as this. Intu is still in the creation mode for development of new business and in the transformation process to more of an internet company and developing additional revenue sources all the time. Why anyone would think the stock is going down due to competition is amazing but you sure are entitled to your opinion and we all know how opinions are like....