Re: <<<As far as Wall Street is concerned, Intel is a $25B story stock where the story hasn't gotten out.>>>
Come on, Mary, this is nonsense and you know it. This is one of the most widely followed stocks on the planet -- 31 analysts according to First Call. And even though some Intel boosters on this board get upset at some of their calls, these people are not stupid -- they get paid hundreds of thousands, if not millions, annually -- not stupid in my book!
The problem is that these analysts expect a slowdown in earnings growth in coming quarters (transition, ASP's, sub-aero's, whatever the reason) and beyond that there is uncertainty about whether the long term growth rate can be maintained. If you think it will be, this may be a buying opportunity, so go ahead and buy more and hold on. But recent events have raised uncertainty in the minds of many investors, and perhaps even in the minds of Intel management, as they scramble to cut prices and adapt their product mix to the market.
As for myself, I am actually getting a little bullish here as the stock price approaches a major support zone around 65. I may do some nibbling. But if 65 does not hold, watch out below . . .
Charlie. |
