Possible but I don't think its probable. Europe's big dump was due to 2 things. First and foremost was the fed not raising rates. This put Europe at a disadvantage with their higher prices. the dollar won't get stronger and they wont get a free ride to keep their GDP rising. Second, Greece just reelected the left wind socialist and are anticipating them welching on their agreement. The US is in sympathy with them, but more importantly the mutual funds are unloading losers and going to cash for the year end to make their performance look better. They will continue to issue negative press to keep the prices down thru Sept and into Oct. In Oct they will buy back the stocks and continue to issue negative press until they have bought their positions back and more of the ones they want. This will be done at the little guys expense. Happens every year.
With the increase in merger mania in the tech sector, the 64 dollar question is who is going to buy INTC? With INTC priced for a going out of business and all the great products coming out, the real question is what company will step up to the plate and claim all these great innovations for their own? 3 immediate contenders that would stand to reap a fortune would be MSFT, AAPL and GOOG. Any one of these are big enough to pull it off and put the other 2 companies at a huge disadvantage. It will happen soon if INTC doesn't get their PE up to a respectable level soon. It's very easy to make a case for any of the 3,the real question is which company will see it and act on it first or could it spark a bidding war? Either way they would get my shares and I would end up with a much better run company. JMO
A smart sports bra with an Intel chip inside makes debut at New York Fashion Week. I'll bet even boob patrol will have an interest in this. Wonder how it responds in the frozen food section?
Russ Fischer on Seeking Alpha has a very bullish article on INTC today. Looks like the tides a changing
In the midst of the recent breakneck volatility, two money managers responsible for tens of billions of dollars of client money told CNBC on Monday they were divided on whether buying the dips in the stock market can continue to be a winning strategy.
Richard Weiss, who runs $25 billion at American Century Investments, told "Squawk Box" that buying the dips can work for investors with a "very long term" time horizon or a "high risk tolerance."
"[But] by anyone's estimation this recovery, this bull market, is long in the tooth. So what may have worked over the last five, six [or] seven years is not likely going to be the winning investment strategy over the next one or two years," he said.
"We're at a transition point here likely with what's going on over in China; the Fed trying to reload; [and] earnings decelerating as opposed to accelerating as they have been over the last several years," Weiss said. "It's really hard to see where we're going to get a shot in the arm for the recovery or the bull market."
He recommended overweighting defensive sectors such as consumer staples, health care and technology , which typically outperform in the latter stages of an economic recovery.
If you really want to see stupid, just look at the PE's of stock groups vs INTC. Chinese index PE=60, Shiller index PE=23.4, S&P 500 PE=19, tech index 21.2, INTC PE=12. INTC is a cutting edge manufacturer and selling at going out of business prices. We could also discuss dividends and you would see more of the same. So how stupid is Rasgon and Covell - my guess is dumber than a box of rocks.
Looks like they're being spoon fed by parties interested in moving the stock price the way they want for their own good. Writer is nothing more than a "Pawn, in the game of life"
Would be a smart move on MU's part. Wrote an e-mail a few months back to INTC investor relations advising them to go private. Sighted Dell and how they did since going private. In INTC's case, the 3.5% dividend would pretty much pay for the borrowing cost to buy the shares.
That's great! The real question is how are you doing overall? You sound like a day trader that you ridicule all the time. Be even better if you stuck to cutting and pasting articles that are useful to others, rather than the constant chatter of useless dribble you are obsessed with on down days. JMO
You're right - Too bad INTC management is sleeping and can't be bothered to tell shareholders this. Would go a long way torward stemming this rout
Seeking Alpha - Alcatraz Research 8-23-15
Summary Intel has unveiled the best reference design for Apple’s long-rumored iPad Pro high-end tablet.
Unlike Apple’s A8 processor, Intel’s x86 processor is compatible with industry standard software like AutoCAD and Adobe Photoshop.
An Intel-powered Apple iPad Pro can substantially outsell Microsoft's Surface Pro 3 and Surface 3.
KGI Securities analyst Ming-Chi Kuo again hinted that Apple's (NASDAQ:AAPL) iPad Pro will go into commercial production next month or by October. Kuo also said the 12.9-inch iPad Pro will come with a Force Touch-enabled Stylus.
INTC had a great chance to buy shares whole sale today and looks like the passed again. INTC made a good comment about AMD and they ended up positive for the day. HPQ did terrible qtr and guided down, they ended up green for the day. Need I remind you what happened when INTC beat and held guidance. At what point is INTC management going to start running this company right and for the benefit of the stockholders?
Gotta believe this won't be good
North and South Korea appeared headed toward another clash, as Seoul refused an ultimatum that it halt anti-Pyongyang propaganda broadcasts by Saturday afternoon or face military action, and North Korea said its troops were on a war footing.
South Korean Vice Defense Minister Baek Seung#$%$ said on Friday it was likely the North would fire at some of the 11 sites where the loudspeakers are set up on the South's side of the Demilitarized Zone (DMZ) separating the countries.
Tension escalated on Thursday when North Korea fired four shells into South Korea, according to Seoul, in apparent protest against the broadcasts. The South fired back 29 artillery shells. Pyongyang accused the South of inventing a pretext to fire into the North.