INTC
Posted by Jack Haddad on January 4, 2008 at 10:56 am
Added 10 blocks at an average price of 22.58. Team, the sell off is due to a combination of portfolio adjustments and the works of crooked downgrades. Your fundamental view on INTC should not be any different now than it was last month.
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Indeed the downgrade was somewhat silly, but it did allow me to scalp a half point with puts after it broke the $23 support. I’d agree with you though. Intel’s a good company that’s being brought down since it’s grouped with the rest of the semis. 50% movement is determined by its sector, correct? (AMD, MU, NVDA just awful this week)