This Might be a Sell Signal

If the CEO of one of your stocks is named Time’s Person of the Year, that might be time to sell. Intel‘s (INTC) Andrew Grove got that distinction in 1997 and the stock’s recent plunge brings it to almost exactly where it was back then. Intel is currently going for just 8.7 times next year’s earnings.
Jeff Bezos got the nod in 1999, and Amazon (AMZN) eventually dropped over 90%. But maybe it’s not always a sell signal. Today, Amazon is up 54% since the Time cover.
Of course, these are the same people who bought AOL.

Posted by on August 26th, 2010 at 2:18 pm


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