Opportunity? INTU

Harry said: "[url]http://finance.yahoo.com/q/bc?s=INTU&t=3m&l=on&z=m&q=l&c=[/url] Earnings call scheduled for May 17th. Business summary... [quote]Intuit, Inc. provides business, financial management, and tax solutions for small businesses, consumers, and accountants in the United States, Canada, and internationally. It offers QuickBooks accounting, and business management software and technical support, as well as financial supplies for small businesses. The company also provides its TurboTax consumer and small business tax return preparation products and services, as well as Lacerte and ProSeries professional tax products and services. Intuit?s other businesses include Quicken personal finance products and services, Intuit real estate solutions, Intuit distribution management solutions, and its businesses in Canada and the United Kingdom. The company markets its products and services directly to its customers through its Web sites, call centers, and direct sales force, as well as through office supply superstores, warehouse clubs, consumer electronics retailers, food and drug retailers, catalogers, and general mass merchandisers. Intuit was founded in 1983 and is headquartered in Mountain View, California.[/quote]"

thezster said: "Granted, I love INTU's products... but, from my initial glance.. this is nothing more than a long, long term hold.... price is right for that type of move... but, you know me... I'm a trader - not an investor...."

Rickster said: "Valuations are too high in view of the measly revenue growth and negative earnings growth. Insiders and institutions are selling. Yet the chart makes it look like it wants to go up. There is lots of potential downside to this one. I wouldn't consider touching it unless I new something everyone else didn't."

Harry said: "[SIZE="7"]POW!!!!![/SIZE] [url]http://www.businessweek.com/investor/content/may2007/pi20070518_203923.htm?campaign_id=yhoo[/url] Earnings [SIZE="4"]EXPLODE[/SIZE]...stock buy back announced. The stock is up 13%. I'll probably take the money and run on Monday. But it's a tough call. If the market didn't look so bubble-like I'd hold on. I think I'll use the "trailing stop" just in case it goes up a bit more."

Rbreb13 said: "Nice call, Harry!"

Harry said: "[QUOTE=Rbreb13]Nice call, Harry![/QUOTE] Maybe I'm maturing at this. This was an exercise in patience. I actually expected the grwoth to be later in the year though. This latest news was just a pleasant suprise. BTW: My hunch was purely based upon their conference call. I was worried that the market would poop up any progress before it was announced. Last year VLO announced fantastic earnings the morning after Bush talked about an ethanol initiative and VLO went down. I sweat everything."

thezster said: "[QUOTE=Harry] This latest news was just a pleasant suprise. BTW: My hunch was purely based upon their conference call. I was worried that the market would poop up any progress before it was announced. . I sweat everything.[/QUOTE] Good for you Harry - holding through earnings is always a gamble. Congrats that this one went your way - and even bigger congrats on having a good "hunch" from your investigations. Digging into a company rather than just reading crap on the internet stock forums (who, me?) will turn those "hunches" from a 50/50 crap shoot into something that gives you a bit more edge in the game..... Oh yeah - and... I continue to say it..... Welcome to the traders side of the room..... heh heh....:wave:"

Lagg-Alot said: "[QUOTE=Harry][SIZE="7"]POW!!!!![/SIZE] [url]http://www.businessweek.com/investor/content/may2007/pi20070518_203923.htm?campaign_id=yhoo[/url] Earnings [SIZE="4"]EXPLODE[/SIZE]...stock buy back announced. The stock is up 13%. I'll probably take the money and run on Monday. But it's a tough call. If the market didn't look so bubble-like I'd hold on. I think I'll use the "trailing stop" just in case it goes up a bit more.[/QUOTE] Nice Move! All the best!"

Harry said: "[QUOTE=thezster]Oh yeah - and... I continue to say it..... Welcome to the traders side of the room..... heh heh....:wave:[/QUOTE] "Oh the pain the pain" as Dr Smith would say. I'd luv to just sit on this stock but I just feel like I'll loose the golden goose if the market flinches this week over gas, which is 11 cents higher...and housing. I'm trading INTU by necessity."