Intel Corp (INTC)

[techno_bull]

re: stock market jitters

The entire market is having jitters,which is a dangerous sign to me, and I think that we will be seeing a lot more market corrrections/drops in the coming year.

I see things just a little different here. I expect another leg down before EOY. This next leg down (next week maybe the week after), will be the near term capitulation that results in an oversold condition IMO. Any good news after that from individual companies will be rewarded with slight bounces off those new low levels but nothing exciting (INTC should participate in some small bounces off the new low).

The general market will remain flat at these new low levels until wall street 'invents a new story' for why retail investors should buy stocks. That story is currently impossible to make up without some imperical evidence of some kind to support it. So until we get something like oil becoming bearish, a new stance by the Fed or a surprise performance by the consumer (i.e. surprise retail spending), I am expecting a flat market (after the next leg down that is) for quite a while (6-9 months?).

In the interest of full disclosure, most all my gains over the past 12 months have already been taken out. I sold long positions at low limits during both the August meltdown and this one. On the plus side, I bought a bottle of Blantons last night and will be looking to it again tonight for inspiration.

Happy Thanksgiving to all on this board and to the INTC longs on this board in particular. After all it is truly a great country we live in.