Gene,
<But if you back up two years, it seems the people that made good money in the intervening time were Intel traders, not the long's.>
Re: Traders
First, hindsight is 20/20. Second, your conclusion assumes that all Intel traders were successful at picking tops and bottoms. Traders will always do better than long term investors if they can pick tops and bottoms with near perfection. Unfortunately, though I never met a trader that wasn't great and successful<gggg>, I don't think it's quite that easy.
If you want the best example of what you are referring to look at AMD's entire history. As unbelievable as it may seem, AMD has not appreciated any in value in more than a decade... virtually NO appreciation at all since going public. AMD is the definition of a trading stock.....for short term traders and long term suckers. INTC, on the other hand, can be traded like any other stock but is primarily for long term appreciation.
<And two years ago this was much the position of the thread.>
Given the conditions in the semi industry over the last year, I am satisfied with INTC's performance, especially relative to other semi stocks. BTW, you need to make your cut-off less than two years (and even two years is not long term, in my mind) to make your point. In fact, Intel is up over 30% over the last 100 weeks.
exchange2000.com
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