once the comp ticks down. There is no conviction from buyers and no shorts are covering.
It's ex-dividend today dry balls.
If Intel is down today at the close that would be the ONLY reason.
Recently, including today, there has been substantial conviction from BUYERS. ;-\
I am surprised that it is not already red. INTC has been trading well above the $24.00 price and there is some buying that the sellers will have to chew through for INTC to drop below $23.89.
There also might be some buying in advance of the new Silvermont based Atom introduction on Monday. It will be interesting to see what kind of intro it is for the tablet/smarhphone CPU.
I figure INT will close around $24.00 which will be green.