CHESSNOID

Yesterday, one of my most used site Google saw its stock price hit a low of $287.76 and closed yesterday at $291.  At one point I considered buying this stock but it seems like every month this stock just becomes a better deal than the month before.  Basically if I had bought this earlier, I would of lost money.  From October’s high of $747 to this ridiculously low price seems unreal.  I still remember feeling like I missed out when it went from $200 to $300 then $400 then $500 way back when. Now to see this with a possibility of going lower is crazy.

Of course, this isn’t the only tech stock hitting its all time lows.  Intel just dropped a bomb.

NEW YORK (Reuters) –

Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.

The shock warning hammered tech shares, which had already tumbled earlier on Wednesday, with Intel plunging 7 percent to a 12-year low and Microsoft Corp falling 2 percent to a 10-1/2 year low.

Intel, the biggest maker of chips for personal computers, forecast fourth-quarter revenue of $9 billion, plus or minus $300 million. That compares to its October forecast of $10.1 billion to $10.9 billion, and the average analyst estimate of $10.3 billion according to Reuters Estimates.

“For revenue to be that far down sequentially, it means consumers have basically shut down for the holidays,” said Charter Equity Research analyst John Dryden. Intel’s third-quarter revenue was $10.2 billion.

“It’s so far below what they had expected … The company had outlined weakness in enterprise but not the consumer yet,” Dryden said.

The impact of Intel’s warning was exacerbated by weak outlooks from two other chip industry heavyweights, Applied Materials Inc and National Semiconductor Corp on Wednesday.

Right now we have every industry hurting, but I think there are many good deals to be had in this sector. The time to buy may not be right now, but long term the leaders can make you a ton of money. After the tech bubble burst, I bought some great stocks and dollar cost averaged into them for about 6-7 years and sold them before October last year. I didn’t sell anywhere near the top, but I made out extremely well. I feel that opportunity is here again. I just want to make sure when I do buy, I don’t pick the loser of the bunch that goes belly up.