I believe INTC is a buy at current levels

[hajimow]

Hi,

Considering INTC as a giant tech company which has been beaten down recently with P/E of less than 9 and Dividend rate of 3%, I call it a buy as a value stock. It can easily bounce to 47 and then to 50. It is considered as a boring investment by many investors but I like to buy INTC at current levels than chasing high flying stocks.
Current price $44.35. It will go ex dividend on Nov 5 with $0.33 dividend.

 

[MarkBrown]

you go first ...

 

[hajimow]

you go first ...

I am already in. I don't preach what I don't practice. Long 2000 shares.

 

[Overnight]

I am already in. I don't preach what I don't practice. Long 2000 shares.

Damn, +88000 bux into a single stock? Must be nice to have money like that to play with.

 

[hajimow]

Damn, +88000 bux into a single stock? Must be nice to have money like that to play with.

Nothing compared to 4600 shares of Xilinx that I have.

 

[Overnight]

Nothing compared to 4600 shares of Xilinx that I have.

At $120, say, that's close to 600 grand. Nice!

 

[MarkBrown]

why not be a real man and trade index futures like the ES i need some more victims in there with me.

 

[hajimow]

why not be a real man and trade index futures like the ES i need some more victims in there with me.

I have 9 contracts of ES December already. I am with you.

 

[SunTrader]

Easily bounce to $47 with all that overhead supply. Maybe but I wouldn't think it will be easy.

 

[hajimow]

Easily bounce to $47 with all that overhead supply. Maybe but I wouldn't think it will be easy.

INTC is heavily short now. But who knows for sure. That statement was my feeling based on experience and not guaranteed.