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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST
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To: Sun Tzu who wrote (18418)4/3/2024 2:30:28 PM
From: Kirk ©  Read Replies (3) of 26443
 
Unless you supply a link to your last prediction like Breeze does, it is impossible for me to accurately recall all the good calls.
BTW, remember how back in January I said that INTC will hit a pitstop at 41 before proceeding to mid 30s? Guess what it did today? It broke the 41 support that it had built.

but, congratulations on your call.

I think Intel is trying to hold here at support but my fair value target for a good buy listed in my newsletter is very similar to yours.
If it wasn't for the government support, it would have been 35 already.
Maybe not. After how Pfizer got screwed "helping the government save the world" with a vaccine they sold at a very low price and now the stock is LOWER than before COVID... I worry about Intel planning to sleep with the same dogs and not expecting to catch their fleas.

This picking winner who kiss the king/president/Pope's ring to get money with tons of strings attached, is what makes Communist backed capitalism, not "real capitalism." The only saving grace is this cronyism is endemic around the globe so it sinks us all. I'd much rather see "them" fix the problems with tax policy, but I've argued that since I was a part of shipping US manufacturing jobs out of the US in the 1980s to save on taxes and labor. Politicians will NOT give up their power to pick winners and losers with tax incentives rather than a simple policy of no corporate taxes on income from goods manufactured in the US and make up for the tax shortfall with an "import tax" equal to Social Security and Medicare on manufactured (not food) goods imported into the US made with foreign workers.
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