Replies to post #68129 on Intel Corp (INTC)

[Saturn V]

It looks like I missed my chance to buy INTC
at under $18. At least for now. ;-)

Todays market action is a classic "dead cat bounce". You will most likely get more chances, and so keep your powder dry. The market has an irresistible negative momentum, and it will take time to form the bottom. The market will wait for the bailout packages,Q4 outlooks, world economic health forecasts and the election results to get better visibility into the future. Only when the future economic prospects become brighter will the market take off. Typically the market takes off about six months before the economy does.

[mas]

Try the next time the Rescue Bill is going through again and this time pull the trigger ! ;-)