Intel Sparked Technology, but Failed Shareholders
- Posted by UpsideTrader
- on October 12th, 2010
Intel
Last quarter, Intel blew it away,,,remember? The best quarter in its history. The stock caught a bounce then failed miserably and dropped about 20% to the August 31 low. It has recovered slightly, but know one real cares except the vanilla portfolio managers that ‘have ‘ to own it.
What is more telling to me is what the ripple effect was. Although $INTC was a super nova and dissipated quickly, it probably had a lot to do with the beginning of a nice rally in technology in general. Below is a chart of the the $XLK. Intel reports today after the close at 4:15 and the whisper number is .51 cents. Good luck.
XLK-Technology ETF
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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