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Would be fitting if Intel got the moniker for tomorrow after Marlboro Friday
from days of the past.
I guess it would be nice to buy this dip tomorrow... NOT.
As sent to a few friends a few days ago, INTC historically goes upto 25%
below its 200 day ma before anything serious can be considered by way of a
buying opportunity.
And... when it is in Revenue Slowdown Mode coupled with a Rising Interest
Rate environment, it typically loses 50% of its value from the peak.
As do CSCO et al.
Therefore, from 2 unrelated methods, one would expect an INTC retest of the
previous split-adjusted breakout at $43.
This too, as they say, will pass.
The baton for Tech Leadership, that is.
Gitanshu
PS: Long INTC Puts courtesy the stopped CANSLIM trade. But I grieve, because
I have friends @ INTC.
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