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  • stoptheinsanity2000 stoptheinsanity2000 Aug 9, 2011 1:29 AM Flag

    LOOKS LIKE SEMIS ARE GOING LOWER WHILE THE BROADER MARKET STABILIZES

    INTC topped at $34 in 2004???...No Way... I remember trading INTC much higher than that back in 1999, I believe it was over $100/sh. Looks like a double bottom for SMH between 2002 and 2008, ultimately I can see INTC break through $34 and then it's a rapid climb back up to , well you don't want to know if you're short, but think about AAPL when it broke though $14 (split adjusted) back in 2004. INTC has been down for a long long time, churning and churning....definitely a buy on the ridiculous dip when there is one like what we see now.

 
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