Intuit -- What's Its Future? Message Board

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Technology Stocks : Intuit -- What's Its Future?

INTU 650.24

-1.4%

3:59 PM EST

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To: kfs who wrote (776)	12/8/1997 10:26:00 AM
From: Edward F. Horst Jr.	Read Replies (1) of 1546

One needs to be careful following these momentum money managers who buy based upon "beat estimates". My point is they still "lost money". If the estimate had been to lose 0.24 and they lost 0.26, what wiould have happened to the price? It appears this qtr may be weak based upon delays and other problems. Following a loss, then, the stock may retreat to a more favorable price in early '98 when I would buy. If I'm wrong, and it keeps going on hype, then I'll miss it this time. I just can't justify $35 when $25 is closer to fair value. Careful.

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