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The Western Union Company Message Board

  • redheadinvestor Apr 11, 2013 4:20 PM Flag

    Close at 15.12 weak resistance

    Hope tomorrow is a good market day and we can turn 15.12 into support.

    I'm mildly nervous about tomorrow's trading, because of HPQ/MSFT/INTC and the snowballing decline in PC sales. That trend won't reverse, and its implications are not yet digested and appreciated by the market. There could be a big cool-off or takedown in certain bulge bracket tech stocks if the market decides more of these now old-line (!) "Windows PC type" tech companies should go the way of DELL.

    INTC, for example, might be trading near historic lows, but it's still a $100+ B company, which means it has a lot of room to become less valuable without being anywhere near true peril. If its growth trajectory turns negative due to its overwhelming exposure to the now woofing dog business of PCs... ...Obviously INTC is not dead and it has a future in other kinds of devices, but that's a different kind of question from the way its performance is now measured.

20.291+0.081(+0.40%)2:41 PMEDT