By my character, I worry. I have held INTC and INTCW for about two years. I understand the ups and downs. That doesn't mean I shoudn't try to figure out if there is something more behind the down move than just a simple correction. We are now down 28 points and that is "substantial." Sure, AMD and CYRX may not make a dent in the market share. Sure, the amrgins may not shrink that much. But, not much is all it takes to change the though processes of those who actually move the stock price (you and I don't).
I don't play for days... but I also don't invest for years. MOnths is more my speed and when a core holding drops some 15% in 40 days, there is every reason to start looking for reasons.
As for 1997, I believe you will see margins back around 50% way before the 4th Q announcement next Jan. Frankly, I believe many are worried about what the conference call after 1stQ is going to detail. Everone knows already 1st Q is going to be GREAT. It may count short term but it is 2nd, 3rd, 4th Q that will move this stock price.
Yes, we are in a technoligical revolution but that revolution only moves as fast as worldwide corporate can afford to pay for it. Any signof a slowdown (and the Fed wants that), will slow the revolution and slow INTC's growth rates.
As for buying more, may have posted they bought more at 160, then 150 and now 140. For some, including me, you can't margin down for ever. |
