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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Mark Pritikin who wrote (2881)1/18/1998 9:54:00 PM
From: mister topes  Read Replies (3) of 42834
 
How many times has Brinker told you on the radio that Intel is not
an investment stock but only a trading vehicle. How many times has
he told you he took profits in the mid nineties during the autumn
and sat on the sidelines awaiting a reentry point for a trade.
How many times has he told you he reentered Intel at 69 for a trade
on the theory the stock was oversold. How many times has he told
you this weekend he soldout at around 77 after earnings were
reported based on the disappointing margin news on the conference
call and the probability of descending earnings estimates which
have now caved below $4.00 for calendar 1998. So now he is back
on the sidelines. What more could you possibly ask him to say about
Intel. He pours out his guts on his Intel view and you want more.
You could not be made happy by anything he said about Intel.
He is not going to tell you what you want to hear, that Intel
is the world's greatest investment. Any Intel "investor" over
the past year can tell you Intel has miserably underperformed
the market by a huge margin. On 1-18-97 Intel closed at a split
adjusted price of $72. At the current price of 74.75 Intel
has gained a grand total of 3.8% in one year while the market
has skyrocketed. Looks like Brinker has been 100% right on Intel.
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