Damn, how many times are these assholes gonna release that stupidass worthless press release. Hell, if noone has noticed that they INHELL has a new microwave on the market by now they should just give it up!!!!!
notice the pop in pre market . . . shorts are covering. after a week of decline, technicals are pointing upwards today, oversold situation with positive money flows coming in later yesterday. with IBM and DELL upgrades, and the shipping of the new chips months earlier than the revised timeline - the street might expect INTC to UP their revenue forecast. to be short INTC at this point is a death wish . . .
Do you know what a "short squeeze" actually is? If you did you would know that it is absolutely ridiculous to talk of one in a stock like INTC! Current short interest is less than 1% of the float and all INTC short positions could be covered in 1.16 trading sessions!
The "evil shorts" have not been holding your beloved INTC down and their certainly aren't enough of them to fuel any sort of rally.