Intel Corp (INTC)

[COMMON SENSE]

If you think Intel is flying today

remember what was in the Wall Street Journal today that said on page one of an inside section"

The paper story said: 35% to 45% of all trading in this rally each day is by "hedge funds" who need to show "short term profits" to keep the fund churning and profitable.

In case this message is missed, you are not trading a stock with "investors". You are trading a stock with "day traders" and "speculators" and "quick buck artists".


I think Intel will post a better quarter but I hardly expect it to show the proportionate growth of earnings that the stock price has shown over the last reporting day in April, 2003.

The stock has climbed from $17 to $24+ and this is about another half of the earlier price. Perhaps there is thinking that the $0.09 cents earnings will go to $0.14 earnings per share. That is quite a jump

It would be a quantum leap to show that much growth for a traditionally very slow second quarter.