yahoo says pe is 12 with a price of $38 a share. quite different than the bear/short who posted pe is about 50. Some does depend on how you count, some depends on who reads.
I like this stock.
Appreciate your concern but to say I burned
myself on this trade is a bit of a stretch.No doubt that
this overall market sentiment is to strong to bet
against so I covered at today's low for a few hundred
bucks and commissions.I have no problem with that.The
14k from last weeks drop on thurs makes it hard to
regret shorting INTU.Let's just say you can't be right
all of the time.I can't see myself taking a long
position here though,things do seem a little toppy.My
concern is that this rally we are in degrades and thus
the perceived stability at 38 dollars fails as
well.Just a hunch but even in the midst of all this news
and price targets of 46,to much pressure above 38 and
therefore I will pass for now.If she continues to exhibit
this strength and I can believe it's more than the
surrounding sentiment,then maybe.As for now I still think it
will see the low 30's before it see's that 46 so I
will wait fo a little higher entry to short.I'll admit
that 37 3/4 at this point is probably gonna stick.good
luck to you.
Did you buy in last January at $90? A lot of
people on this board sound like they think the stock was
trading in the $90 range for several weeks. It wasn't so
Sounds to me like Bank of America is just taking a
conservative approach. I wouldn't be surprised to see this
stock in the sixties next January or February, but then
I guess I'm still a bit bullish. Hold if you can
(difficult for some in this "instant gratification" society
we live in).
Hey, I never said I was infallible. I can be as
wrong as the next person. But Myth is right, some
people on this board are just too easy to rattle. :
Looks like you aren't going to see 32 today. It's
around 38+ right now with a healthy number of buys
visible on Island. I really am sorry you burned yourself
on this stock. But if you play it long, the chances
of your burning yourself again would be greatly
diminished. Just my opinion (not that you asked for it).