Fred, RE: BTW, isn't it fun to watch the analysts once again upgrading in droves after the fact. INTC wasn't a good buy in the low to mid 50's but all of a sudden it is a must have at 70!!
Actually, it is a lot easier to find an analyst that had INTC at a buy in the low 50's than it is to find an analyst that upgraded the stock at 70. Most every analyst on Wall Street has had this stock at a buy all year, and most all have been vocal with their bullish bias. Analysts like Lazlo, Osha, Randall, Glavin, and Klauer come to mind immediately, but there are many more. Mark Edelstone, who upgraded at a Intel at a fortuitous moment last year, sold too early last month, but at least he bought near the 3 year low.
The problem is that the bears get the PR. Dan Niles is a CNBC poster child. Drew Peck, whose stock picking has always been suspect, is one of the few analysts who probably fits your description; he upgraded INTC a week ago when the stock was around 65. |
