All, To change the subject, I believe that Intel will make a NEW HIGH today. Further, I believe INTC will go on to above 85 by the end of the week. I base my opinion on the fact that the B to B will come out tomorrow after the close. Because we will be droping the month of May from the three month moving average, the B to B should show a very positive increase from the .84 of July. If you recall the May's B to B was the month that came in at .81, a drop from the low 90's the month before. That indicated to me that May must have been a terrible month to be able to pull the moving average so far down. Therefore, with the month of May now taken out of the calculation, comparisons should be very positive. It is really unfortunate that Wall St. still attaches so much credit to the B to B, but it does, so I'll take an INTC move up as an equalizer for where it should rightfully be based on their fundamentals.
Paul,
By the same rational, I believe, that some of the purer semiconductor companies (X DRAM and SRAMs) may even do, on a percentage basis, much better. This would hold true for Altera, Xilinx, and many others.
Jules |
