Re #6659
Sam,
The short answer is I use this thread! My buying philosophy on INTCW is to buy on the dips. I've been doing this for a couple of years now and haven't been sorry yet.
I knew that INTC was down about 14 points or so off its high so the question I asked myself was "O.K. we've got a dip, when is it going to turn around?" Jack Rains post on Monday night indicated to me that he thought INTC might be turning around Tues or Wed. So I woke up, turned on CNBC and sure enough the tech stocks were starting to go higher. I then asked myself, "Is this rally for real, or will it fizzle due to more profit taking?" I knew that Wall St. knows that INTC is going to report another blowout quarter on 14 Jan. Therefore I decided that the dip was probably caused by the MMs "burping" investors. In other words , making them cough up their shares prior to another big run.
So I decided "if this is not the bottom, then the bottom will surely come within the next few days as the stock will move higher prior to 14 Jan." I said a little prayer and clicked on the "place order" button. It was just luck that 90-5/8 was close to the actual bottom. The rally could have fizzled, and I might have looked silly buying where I did. That's O.K. I've been through a lot worse than looking silly on a cyberspace BB!
One last note, I originally wanted another 1000 shares, I only had the guts to buy 600. Guess what, here I am again singing my same old song, "Oh how I wish I'd bought more!" So if/when INTC dips significantly again, you can bet I'll borrow another box of shells from good ol'uncle ETRADE and cut loose on it again!
Regards,
Lee |
