Sorry! Should have said,"At the rate they guided". They are also have a big lock up date where insiders will be dumping a pile of shares to make their millions before it goes lower.
They were the hottest thing. They have definitely slowed down and they may have over shipped last quarter. If that is the case may see it going lower before much higher. Channel checks have not been positive for this quarter either. Do you due diligence.
Market makers are having an easy time pushing it to new lows for the day during lunch. Appears to be an easy short trade for them.
Think UNP and KSU a bit oversold.
Significant drop today with KSU news regarding lowering revenue for the year. All rails hit. UNP taking the biggest hit next to KSU. Not sure that UNP deserving of this big a hit or if it is just a KSU situation?
Even though MSFT is down rather huge today I am not covering. Think that it continues to make lower highs and lower lows here. Looking for it to move lower into the 40's. They may wiggle it up a little to entice a few retail folks to buy then move it down more.
This stock is a great trading stock for brokerages. They take it up for some time, sell then short. They continue this trend for some time shorting more and covering some of clients sells. INTC has fallen approximately 20% i less than 3 months. Now where else do you make that much money on a sure thing.
Appeared that it was going to move up. It did move up but then in a few minutes it dropped from 59.31 to 58.01. WOW! One needs to trade this market with caution. May be the drizzle before the storm.
We did say that wall street would decide. Admit that I bought 2,000 at 26 .10 for Monday. It just took off. Sold 1000 at 26. 58 and another 1000 at 26.63. Do not have any for Monday now.
It is a great stock for wall street. The cheerleaders I would venture to say are those longs that purchased between 30 and 36. They succumbed to the cheer liars that told them that without a doubt this was going to 45. Now they hope it is going back to 30. I am not poking fun at them as it must be very painful watching this stock to continually go down. I have been there. I bought DE in the high forties in 2008 an watch it go down to the mid 20's. Granted DE is a different company and did come back and went much higher. Far more competition in the semi sector. For their sakes I hope it comes back.