>>John, why don't you SHORT this stock ?
Felix<<
I'm staying on the sidelines..i wouldn't short INTC with a 10 ft pole...it could go to $100 in a week....The problem is, Felix, it's impossible to call the timing of a market top...why gamble serious $$ on trying for "the last few bucks"?...
Merely hold mostly cash and wait for a time (soon) when all the high flyers, including INTC, are much,much cheaper...this will happen when we see a 20-40% correction in the indexes from these levels....then start buying back in on a slow cost average basis...
I do have about 70 DJX puts (oct, nov, &dec) 11,600's...but I'm prepared to lose all this if the market continues up thru then....Just as I think a holder of INTC should be prepared to see it go down 50% before recovering if the market really dumps. I think I'll still make out well, eventually, by holding the cash...the higher this market goes, the more vicious will be the snap back down when the rubber band breaks...
I'm becoming convinced that Paul Engel agrees with the wisdom of strategy....I would wager that he has a high cash/or cash equivalent in his portfolio.....regardless of his esteem for INTC
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