Paul,
Re - "I wish somebody here could tell me what they think this stock is worth and back it up with something more that how many gates are o nthe head of a pin."
We could tell you what we think it is worth, but that has no correlation with the current trading price. I use to have a lot more faith in the efficient market theory than I do today. Fear and panic seem to be playing a very large roll in investing. Everyone is out for the quick play, and trading when scared. Some of the best companies in the world are selling pretty cheap. Some sellers are going to feel very unhappy in the future.
As for now, your calls on the short term have been very good and certainly better than mine. I didn't think short term fear would overpower Intels prospects for the future as it has...in the short term.
Now that we are at $70, what is your best guess. Do you really think 60 is justified for one of the great tech companies? That would be a p/e of about 15!
Trading question, when you short, do you protect the upside by buying a call or do you risk it? I don't think I would have the stomach to risk that one. Do you actually short, or buy a Put?
Final question, are you really anti-Intel in the long term? If so, who is going to be better? Even if you like AMD or Cyrix, they can't seem to make a profit, and if Intel keeps the screws to them, "profits look elusive" as Jerry said.
thanks,
Lee |
