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Earlie, Betting against stocks doing well while the companies were doing well is a tough game, one I lost on Dell last Fall (the Compaq loss was more than recovered a few weeks back with a nimble put trade), though it worked with Cascade, Shiva, Atmel, etc. Still, it is difficult to call a turn in business when nobody else sees it. But betting against a stock that is going gangbusters while the co. is looking weak is a much easier game. Intel isn't my cup of tea due to its monopoly status, but there are others in the same boat. In fact, most of the tech sector is in the same boat, lousy eps with rising stock prices, and I would prefer to bet against non-monopolies like Gateway, Hewlett, MUEI, and MU. MB |
