Replies to post #27480 on Intel Corp (INTC)

[wbmw]

Re: The facts are in: He is right, you are wrong. Intel has been a terrible investment for years now.

This is not a matter of whether Intel *has* been a bad investment. That's just hindsight. This is about whether Intel is *going* to be a bad investment, and the facts are *not* in for that. You can speculate, but the facts that Fleck uses are that Intel is optimistic (his opinion), Intel went through a lot of cash (duh, and they did a lot of stuff with that cash, too), and Intel's customers are losing share (which should improve along with the new product line). None of this can stand up to anyone with enough foresight to think past lunch time on a given day. His arguments are weak, the thinking is almost entirely circumstantial, and as a perma-bear who has been wrong far more often than he's been right, the entire argument should be taken with a grain of salt.

Re: A good thing for you to think about is this: What is it that Fleck saw that I missed? What can I learn from Fleck to become a better investor?

You can't point to a broken clock and claim it's usable, just because it happens to be pointing at the right time. Broken clocks are right twice a day, and similarly, Fleck is living in the limelight of finally seeing INTC stock at a multi-year low. Come later this year, he's going to start looking quite foolish if he doesn't close his short positions. _That_ is my forecast.

[tecate]

AMD was a very poor investment for years, it's just been the last few years it's done well so your analogy sucks. (as usual)

[imho]

jhalada

re: Fleckenstein

Give it up already. Fleckenstein is what is called a intel permabear. His opinion is meaningless. He hated Intel in 1995, hated Intel in 2000, hates Intel in 2006 and will hate Intel in 2010. Do you see a pattern here? Let me help you. The following link is from Jan 21, 1997 by your buddy Jim Cramer. This is what he thinks of good ole Fleck, then.

http://www.thestreet.com/comment/wrong/584957.html

Take William Fleckenstein, the totally compelling, earnest Luddite who has been short--at least publicly--every computer and chip maker on earth. No matter that these stocks, particularly, Intel, Compaq and Microsoft continue to astound with fabulous numbers and unbelievable execution. When the press wants a comment on technology, there's Fleckenstein presenting a well-articulated sound bite that would scare Andy Grove out of his Intel shares.

and again...

But there's Fleckenstein spouting off yet again about the dangers of the PC cycle.

Now you, jhalada...

The facts are in: He is right, you are wrong. Intel has been a terrible investment for years now.

The facts are in: you have been schooled. Now go home, lol.

IMHO