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Strategies & Market Trends : Intuit -- Darling No More
INTU 669.88-0.6%Dec 30 3:59 PM EST

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To: MatthewZ who wrote (120)2/27/1997 10:39:00 PM
From: Warren Gates   of 148
 
I'm a long-term bear on Intuit ... CTXS today just shows you what happens to a stock whose fortunes are tied up to what Microsoft does or does not ... Intuit not only has to contend with Microsoft but with the whole INTERNET itself which will abound with all the free financial tools that Intuit is still trying to sell.

I covered my shorts today and bought some March 25 puts just in case the earnings really suck ... they don't but I don't think I'll lose much money on my puts tomorrow.
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