All,
Back in September, when Intel was off it's high of $102 and trading in the $95 area, posts on this thread indicated that Intel could not go down, that you should mortgage the farm to buy leap calls. The analysts were all talking about the "perfect" economic scenario, and I posted the following note:
exchange2000.com
Now I think the sentiment has changed almost 100%. Remember, things are never as good as they appear when they look great, and never as bad as they appear when they look really bad. Most of the time the market and individual stocks trade within 20% of their correct value, above or below. Once in a while, a market "event" will happen. If you base your investment decisions on what happened 20 years ago (1987) or 68 years ago (1929) you are not being realistic and you will suffer from loss of opportunity for appreciation.
From a contrarian point of view, this is a very good time to buy Intel. When everyone was positive, there was nowhere to go but down. Now, when almost everyone is negative, we are very close to the bottom. MHO.
John
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