Good morning, Sonny:
Intc. I probably sounds crazy. Dan Niles put a downgrade on Intel and Dell. I am just about ready to pick up more Intel. So, maybe it goes down for the short term some more, but with their networking strategy etc. I think it will be a good investment for the coming year.
I'm really conflicted as to what to do with my INTC position, in which I am very long and very strong. I have been toying with the idea of lightening up, selling chunks at a time, and using the proceeds to buy in to attractive openings in such stocks as JDSU, NOK, SEBL, VRTS and CHKP.
However, I have a sentimental attachment to INTC. I have held it longer than anything else I have, and it is the first stock in which I have done really well. I have no real doubts that, long term, it will continue to pay good dividends. I love the low PE multiple and feel confident that it has minimal downside.
I think we may see some money shifting out of the big winners and into INTC, DELL, IBM, TYC (if the accounting irregularity issue clears up) and MSFT (if, and only if, the case settles), and would expect that to happen within the first quarter of the new year. As you may know, I've established a base in JDSU, NOK and TYC, all within the past two weeks.
I still think I could win our bet regarding the AOL/T alliance. With the AOL/WMT alliance all but in the bag and AOL now at more than $90, you can well afford to take me to a good restaurant in Georgetown. <gg>
Best.
Tecinvestor |
