What's going on? Is reality finally starting to sink in?
http://www.marketwatch.com/story/losses-on-tap-for-wall-street-stocks-as-oil-backs-away-from-highs-2016-10-11
"The Dow Jones Industrial Average DJIA, -1.30% dropped 163 points, or 0.9%, to 18,166, with Intel Corp INTC, -2.84% topping the laggards."
Another quarter of PC sales decline... 8 quarters and counting. Apple's drop was huge so they may be compelled to launch ARM based macs and when they do Intel's low power and sad graphics will be even more exposed... I too hope the smoke and mirror lies of BK last till at least next year so I can sell my shares!
As expected 😎😎😉...
Besides the markets being red today, price would drop after the so many people sold their INTC when the price was high.
It will remain volatile until the INTC earnings are announced. I am giving it few more weeks 😊😊😁 until I get rid of all my small bundle, hopefully if all goes well.
Maybe BOD/MCM cashing out on their stock while the going is still good? Anybody check insider trading?
I don't see any mention of Intel in the link you provided (and yes, I know how to easily search with Ctrl-F).
Stock is down 3% and I'm not seeing anything jumping out at me when I Googled for Intel news. hmmmm.... I think it just might be the market. It's tanking at the moment. It has sunk 200 pts.