Your over re-acting. The PC is needed by business people. You don't see them using tablets on TV.
Graphic artist's can't use a tablet to design. A tablet is used by younger people. Personally I can'do taxes or create and design on a tablet... LOL
so, how many business people don't already have a pc?
The explosive growth of the pc is ancient history. VIrtually every desk in an office now already has one.
Intc has been having some pretty tough problems reversing it's downtrend, even the most recent oversold from rsi 30 level bounces have been one or two day affairs with lower lows. While the bounce to yesterday's high caused a turn up in the rsi, the macd line failed to cross up and over and was rejected.
That said, the easy money on the short side was likely already had.
INTC is doing all the right things...they stuck with what they do best and they are the best at what they do. They have such a deep moat that they can never be displaced. As for the PC being dead, nothing could be further from the truth. I work for the military and that is ALL they use in the office, in fact, you would be very surprised by just how many desk tops are still in the office....never seen even one tablet. ALL mililtary computers are hard-wired on a LAN network due to strict security measures. That is something a tablet will never be able to give you. Intel is doing just fine. Just the indexes rebalancing and quarter buying and selling. Bought a bunch of INTC this week. GLTA
Marcopubio loudly shorted Intel at 25.......26.......and 27 then vanished as it went to 29.
He also said he's lost so much money on Facebook that he wanted to kill his wife an needed to know a way to do it. He's a real winner.....Here's another of his posts....
Re: I shorted 2500 AA before the bell
By marcopubio . Apr 9, 2012 4:21 PM . Permalink Go to topic