AAPL high is $705, and currently $528. INTC high is $29.27. So what do you get if you
multiply $29.27 x ($528/ $705)??? It ain't hard with modern calculators. You get: = $21.92.
Well, hey, that's not so far above where we are now at $20.19. It's within the noise of HFT's and day traders and the planetary#$%$ of CNBC, like Cramer, the ginger pig, and all those who are dumping on INTC while bloviating and salivating over AAPL..
What does this "analysis" tell me? It tells me that this is a cyclical trend reversal
in the semi-industry with a back-drop of bad news, from Fiscal Cliff to their boy Mitt not cutting it
in prime time.
So, to all the belly-achers and whines our there, I say Whiskey Tango Foxtrot.
I am not talking about all-time highs...those are meaningless. I am talking about 52 week high, since peak of last mini-bull market. Idiots like you and the CNBC crowd have used this to bash INTC constantly, and the fact is it is mostly a secular bear in chips. Your drivel has had very limited effect, if any.