Do a comparison chart for the last month or the last 5 days for Intel, ARMH, the DOW, Nasdaq and the S&P, and you will see graphic evidence that the Intel bashers are clueless with Intel substantially outperforming all others.
Intel is a safe haven. The bashers have big mouths and pretty much nothing else.
"since the high to the low today, INTC has dropped 3.5 percent, "
I finally figured out you were talking about the Intel 52-week high of $34.87 down to todays low of $33.61. The 42 range today did not compute.
Since INTC was trading at an RSI of 85 (slightly overbought ? 8-), a drop similar to the QQQ seems rather nice. After two gaps up, INTC does seem to be holding onto those gaps when compared to the other QQQ components.
Yes. Intel is holding up rather well. I also decided to add to my position today as I see this stock reaching $40, possibly by end of this year.
I also wanted to state that these clowns who have been wrong countless times about Intel going down use days like today, where the whole market is being dealt with profit taking, to try to get under your skin with annoyance or other longs' skin. I'm finding it easier and easier to ignore them as Intel has made me and other longs I'm sure, richer and richer during the run up from the low $20's to the current price. They deserve to lose their money for being so childish when they short the stock as Intel's huge buyback plans will bite them in the rear end pretty hard. They just don't realize that $8 Billion worth of purchasing shares within a 6 month period is something huge.