Yes.
I do intend to get (heavily) back into Intel, but as I said, I have too many frequent flyer points in the past year, and I saw no need to make another round trip. I am sure (I could be wrong, of course), that we will see 60's, even if only high 60's.
In my opinion, depending on what comes down in the next 5-6 weeks, we COULD see 50's or even high 40's (that would surprise me, and would be an unjustified excess on the downside, but the market has been known for severe over reactions in the past).
Personally, I think the bottom will be mid-60's, but time will tell. A lot depends on who announces what, and ultimately on Intel's earnings. Often, when a company knows that things will be bad and they are going to take an earnings bath anyway, they deceide to "pile things on" and take a REALLY HOT bath, setting up a favorable scenario for the FOLLOWING quarter. People are prepared for earnings in the 70 cent range, but would they be prepared for earnings in the 50 cent range ? |
