Hi Ann, and all.
I just got back inside after re-staking some younger trees and shrubs. We actually had a break in the weather for a coupla hours, saw some blue skies!
I listened to Bob Brinker today, and he's still bullish on the market. Actually, he's recommending dollar cost averaging right now vs. outright buying.
A coupla people called in to get his opinion about Intel stock (people ALWAYS call in asking for his opinion about Intel). He said he considers it a great trading stock, which I've heard him say before. He continued to say he sold a position at $95 (must have been during 4Q97). Then, he bought back in at $69, saying INTC was way oversold. Then, he sold at about $75, because he didn't like Intel's forward looking statement about gross margins coming down to mid to high 50%'s (BTW, GM of mid to high 50's is still obscene, obscene meaning great here). Then he bouhgt back in the mid 70's, didn't say why but I would guess because he liked the action and direction on the stock. Brinker finally said that Intel was #1, numero uno large cap performer since the first of the year in terms of % increase. I would have guessed Microsoft or Cisco. I looked it up in today's paper, and, as usual, Brinker is right.
Well, the skies are darkening again here, more rain on the horizon. But, as far as INTC, it hasn't looked brighter since...the last time it ran way up.
Have a great rest of the weekend,
Tony |
