Market Talk.

[Zeno]

Intel took an 11% hit today and is down to $23.38 per share. If Intel dips more later this week or into next week would it be a good pickup for long-term investors?

And Harrah's is going to buy out Caesars’ and become the largest gambling corporation in the Universe. Is this good or bad news for the gambling world, or just indifferent news that should illicit no more than a yawn from savvy investors?

And is options and day trading smart investing or just for fools and maniacs that have illusions of the pot of gold at the end of the rainbow? Sounds like a real Devilish way to invest, No?!

Opinions anyone.


-Zeno

[GeorgeF]

options: You are unlikely to win this game. If you have capital gains you do not want to take for tax reasons options can protect your wealth otherwise you are gambling at a table with players that are typically better than you.

...and day trading: I doubt you can do this. If you feel the need subscribe to a service like GB smith of realmoney.com. My guess is that unless you are talking about $100,000 min. you do not have enough money to make daytrading work. Figure if you are successfull you will end up with 20% + S&P500. With $100k your yearly salary will be $20k more than a passive portfolio. My guess is you could earn more than $20k working, sorry.

As to Intel I have no investment. My guess is short will make more than long. As to Harrahs look at tobacco. When tobacco consolidated to a few companies the government started hitting them up for money big time. My guess is that you will start seeing gambling taxes. Infact the large fixed assets of casino operators just yell out for taxes.

Why does the dip in Intel excite you but not Navistar NAV for example?

Your best investment at this time might be to fold this hand. Conserve our cash and hope that all hell breaks loose in real estate or stocks in a manner that you can take advantage of. Sadly, my last purchase was a bit of CMK (gov debt).