Another tough day for ARM longs as the stock is once again threatening to drop below $40. The stock is down 80 cents so far today. With Intel up a dime we have another day where the stock differentials is almost a buck. We've had a lot of those lately and they should have been a wake-up call for investors on both sides.
It looks to me like Haswell, Clover Trail and Bay Trail are starting to affect sentiment going forward. Intel's traction with its web TV project is also getting a lot of positive press. And the Cisco news is important in the overall foundry scheme of things. Lots of positive catalysts on the Intel side and not much on the ARM side.
I'd expect the weakness to continue and the drop to accelerate if $40 doesn't hold. I'd guess that a lot of the smart money exited during this last run up to $42+....
Funny to see worthless, broke 'ol Wally bashing a stock that has doubled over the last year while non-stop pumping Intel which is down 30% over that time. Moral of the story, buy all stocks this idiot bashes and sell the stocks this broke idiot pumps!
wish Intel was up 100 of the last years and down a bit in the last few days.
I do agree the co. is #$%$ great, the stock is ahead of the co., but trying to time these things is difficult.Wally you are a an idiot of the highest order.