Sonny, the financial genius in the family "swapped" INTU for AMAT. Another brilliant move so far. We went to see Michael Murphy and a couple other analysts in person in San Jose about 4 weeks ago. Michael has the California Newsletter, which specializes in tech stocks. He's done his homework, and speaks confidently and well about the .18 microns, 300 mm., Xeon, blah blah blah. He was recommending the "five stalwarts of tech", defined by him as those companies who are NOT going to be supplanted by any competition any time soon: Intel, Microsoft, Cisco, Oracle and Applied Materials. He further said that the one that was quite cheap was Applied. I agreed, but the rebound in semi equip was not supposed to be for 6 to 9 months, so I said I thought it was too early for them. Well, my wife bought it anyway, after selling INTU, and it's up about as much as INTU is down. Can't fight city hall or a nice profit. So much for my technical (technology) opinions.
All opinions about Intel, except from you know who, look up up up recently. I hope he ends up embarassed like my father tells me Mussolini was toward the end of his deal: hauled aroung Rome in a donkey wagon after being given large doses of castor oil. Boy, that's pretty bad. I take it back (fingers crossed).
Tony |
