Intel Corp (INTC)

[morrowinder]

FCguy: That would be the worst case scenario...

Granted things are looking bad at the moment. I am not investing for a 6 month time line though.

It is unfortunate that US retail is so highly watched. It is the worst part of the computer market right now. Low asps. Low profit. Commodity driven. I agree that it could lead things lower but reality is that US retail doesn't really determine Intel profits as much as new overseas growth does now. And I believe that consumption is going to be decent but asps may fall in US retail. The retailers may get into a bloodbath and some will probably die forever(circuit city).

I have been buying in at various points and adding to my position. I had some at 16.50. I bought some more at 14. I am not looking to make a quick buck and get out but hold for period. The dividend is attractive right now. It could go down lower but I am not selling until things begin to recover. Also have been buying GE and Bank of america so I think we are actually close in what we think the final outcome will be.