Intuit, the Quicken people... Message Board

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Technology Stocks : Intuit, the Quicken people...

INTU 662.36

-0.8%

10:23 AM EST

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To: Bill D'Angelo who wrote (71)	11/28/1997 4:54:00 PM
From: Larry S.	of 74

Why INTU bounced up (IMO):- stock was way oversold, came back to support at 28, broke below to 27, earnings report was better than expected, but more importantly, no negative surprise. INTU has an excellent technical pattern, IMO, and should head back to mid 30's. It has excellent position in 3 markets: Quicken, Quickbooks, and Tax Preparation. For one company to be the leader in three distinct areas of software is an accomplishment. Through in it's equity positions in excite and checkfree and you have a very valuable company. Sprinkle in the ever present takeover speculation, at whammo. i hope. Larry

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