Monica and All
Thank you for posting this article for us. It seems to me
that Intel is starting to once again flex its muscles. This should
cause analysts to refocus on Intel's future again, instead of trying to rationalize and justify Intel's recent price decline by characterizing them as in a defensive posture. Yes Intel had gotten ahead of itself in January when it ran up to 165. You could sense it from the "irrational exuberant" posts on the Intel thread. But now it has had its 20% correction and is ready to resume its climb. (If only the overall market will cooperate now).
IBM finally did what it was supposed to do today. It went down 4+ points and still remains a good hedge against futher declines in the DOW, or tech stocks. At the time that Intel started correcting at 165, IBM was at 170, a 5 point spread. Today, despite the fact that Intel reported exceptionally strong 1996 Q4 earnings, and IBM reported somewhat dissapointing Q4 earnings, there still exists a 3 point differential. Therefore, I am still holding my IBM Puts for overall protection against a further correction, but today added a few more shares to my long term Intel core holdings.
I will be very busy for the next 10 days, so I probably will not be
posting as often. While I have not given up on this thread, it would be nice if we can enforce requiring participants to provide their full names, e-mail address and fill out profiles giving their background. If you receive a response from someone who has not complied with this, would you please e-mail them and explain the thread's policy. Lets try to keep this thread free of unnecessary clutter. Thank you all for your help.
Jules |
