Intel (INTC)

Usually when there is a warning from a company, it doesn’t bode very well on his ranking system so this is a company he would not want to purchase. Also, the stock is below both the 50 and 200 day moving averages.

(A Top Pick Sept 7/11. Up 20.52%.) Sold his holdings at around $24.50. He hopes people get all panicky about this stock and dump it down to around $20-$21 and he will buy it again.

When they reported they reduced guidance, mainly because of softer global demand for PCs. Stock has underperformed since then. She wouldn’t buy this right now but would wait. Inventories are very high at about 90 days compared to the norm of about 75 days. Yielding 3.69% and trading at a pretty decent multiple. Windows 8 is launching in October and maybe a catalyst for PC demand. This is on her watch list.

Tech stocks have been in the doldrums of late. This company is driven primarily by PC demand and tech spending has been weak. Gross margins are starting to come down, which is usually not a good indicator of owning the stock.

Have very little exposure to mobile semiconductors and have missed the wireless wave. The key issue over the next 12 months will be the success of Microsoft's. Windows 8 launch. If it does as well as Windows 7, this stock should continue to go up.