SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 46.48-4.5%Jan 30 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sonny McWilliams who wrote (22739)5/24/1997 10:30:00 AM
From: Nostradamus   of 186894
 
Sonny, didn't you ever hear the phrase, "it is hot in paradise?" :o)
Any how, seriously, I am as dumb/bright as many intel ground floor investors are, I would be rich now. My profile might make me look like a goofball, to quote some one, but I DO have a basis to call intel is NOT a good investment ESPECIALLY now.
I will appreciate you and other Intel longs answer the following. Be honest in answering.
1) If you already owned Intel, would you buy it now at 163?
2) If you didn't own, would you buy it
......a) at 163 as a full position;
......b) at 163 as a partial position and wait for a dip to buy more;
......c) only on a major dip (specify the price target)
3) Just who do you think in the world who doesn't know by now that Intel is a great company and wise-up to buying it when the stock is at all time highs. That too when the PC sales growth rates are falling and competition is looming at low end where there is a lot of action?
4) Do you honestly think funds like Magellan keep adding to their Intel holdings at higher and higher prices? In otherwords, who will be the new buyers in the near-term?

Answer those questions and you may be surprised to know that there may not be major buying left in this market! Especially for Intel. But, the only possible buying I see is from trend followers who jump in when Intel breaks out of 165. I don't think that buying will last this time.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext