AND this is very Bullish....
Buy all you can on this Dip.
Sentiment: Strong Buy
The short squeeze will even be more Bullish for Intel.
The Intel short interest reported through 7/15 is 242m shares which is up 7m shares over the 10 to 12 trading days covered. Short interest grew about 600k shares per trading session.
7/15/2013 242,863,145 34,612,481 7.016635
6/28/2013 235,777,360 45,899,702 5.136795
The 7/15 interest represents shorts through close of day on 7/11 $23.99, starting from (I THINK) shorts as of end of day on 6/26 when Intel closed at $24.01.
7 million shares shorted to drop Intel from $24.01 on 6/26 to $23.99 on 7/11 during an up market.
AND that was before our earnings and MSFT's report as I think by now we have over 300 million crash test dummy shorts who are losing lot of sleep.