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Strategies & Market Trends : Sharck Soup

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To: DebtBomb who wrote (25887)6/4/2001 12:35:10 AM
From: cthd  Read Replies (2) of 37746
 
Holding puts on QQQ, CSCO, ITWO, and INTC. Anyone have any thoughts on INTC and their mid-q report on Thursday? I'm projecting them to warn again. They had a good day this past friday and would hate to see the stock run up again before they report this week. Here is INTC's past quarterly actual earnings and projected (from earnings.com) for next two quarters.

9/2001 $0.13 estimate
6/2001 $0.11 estimate
3/2001 $0.16
12/2000 $0.38
9/2000 $0.41
6/2000 $0.37

With all the b.s. they pulled on their March earnings report I doubt they have any more tricks to pull out in June's earnings report. $0.11 sounds a bit too high given the extremely weak PC environment. Looking for $0.08-$0.09 (no research, just my guess). Please comment or criticize as necessary.

My thoughts on my positions:
CSCO- pretty safe given their 10-q on friday.
QQQ- reasonably safe considering warnings season is here now for tech stocks.
ITWO- wild card. should move with ORCL's report.... which hopefully is negative.
INTC- can't see them reporting anything but negative comments this week with the weak PC demand.

Thanks.

CTHD
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