This thing is ready for a precipitous descend. They keep pumping it on national television because of it's valuation, the 20 year mega-longs trying to squeeze every last dime out of it. This new semiconductor shortage & bandwagon 'foundry' talk is bullshit... coming online when I finally retire. But what are they doing in 6 months? Nothing. Apple pulled the plug, I'm punching up this thesis on an M1 MacBook that I haven't charged in days because this Apple chip is sooo damn fast & efficient, I wonder why anyone would want anything Intel has to offer.
No position yet, thinking about rolling into some long dated puts for October. Typical declines in INTC last 200 to 230 days on the weekly/5 yr charts. But I'll likely find some weeklies and continue rolling them out as this turd continues to lose market share amidst a rolling summer correction.
INTC share performance hasn't done jack for awhile. see-saw dead money. Quickly becoming deader money if the indices roll over...
No position yet, thinking about rolling into some long dated puts for October. Typical declines in INTC last 200 to 230 days on the weekly/5 yr charts. But I'll likely find some weeklies and continue rolling them out as this turd continues to lose market share amidst a rolling summer correction.
INTC share performance hasn't done jack for awhile. see-saw dead money. Quickly becoming deader money if the indices roll over...