Intel is down on the AH board from 17.79 at close to 17.72 last AH trade. This is not going to be good for market or INTC. I guess the street wanted bigger numbers. Guess they overbought on anticipation now they are selling off a little.
Buy GLW long term. 1-2 yrs from now it will be at 15-25 range at least. Look for short squeeze next big runup. Probably won't be this next few weeks unless Geopolitical events surprise us like saddam going to libya or falling over dead of MI or assassination, then the market and economy will rock. We will see smaller indications of turnaround than we expect or hope, thus we will see some more downs. Just like intel last night. Am holding for now 10K + shares, too many variables to swing trade.
Actually INTC closed in after hours at 17.93. Not exactly a big jump, but not a sell off either. AMAT finished down 80 cents. On the surface the numbers for INTC didn't look bad, in fact Ashok Kumar thinks it could be a 25-30 stock by the end of the year. But, as someone mentioned it's not good news for everyone else. We'll see how the market reacts tomorrow.