Well all of you that are long INTC should send thank you notes and chocolates to the market maker MLCO cause if it wasnt for those dumbasses INTC would be at 18.50 by now......just blows my mind why anyone would hold up a stock that clearly wants to tank and tank and tank and tank and tank...........every god damn level they are sittin there with a hidden bid holdin the level....brutal
lol...i love the market......i love it when a report like this comes out.. SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices Inc. said Tuesday it boosted its global market share for chips that power corporate servers in the first quarter, extending the momentum it built last year. AMD increased its share for x86 server chips shipped to 22.1%, up from 16.4% at the end of 2005, taking more share from its bigger rival Intel Corp, according to Mercury Research ...and this causes people to start buying INTC....brutal.....our competition is takin more market share....we are lowering out outlook.....so please buy us!!! unbeleivable!
lol....restructuring my ass...... The CEO Paul Otellini tells the people at the company's annual spring analyst meeting that they are "restructuring" with no actual plan to back up that statement.....they have already made most of the cuts they can make so all thats left is layoffs which he said nothin about...... He then drops the subject about the restructuring and focuses on the "largest and most competitive product rollout in years."...... so what do they do with the massive inventories of chips they have right now that they cant sell cause AMD's products are way better and everyone is starting to realize it so they are buying AMD's chips and not intc..... All these people buying INTC are basing their decision on fairy tales and pipe dreams and had best hope that these new products they brag about having in the near future are revolutionary for the computer chip industry or they are going to be in a world of pain when INTC drops down to $16 where it belongs....... Jesus i just dont get how you invest in a company that has reported nothing but bad news after bad news followed by worse news....whose competition just gets better and better and more market share.... and then people buy and buy and buy based on "upcoming" products with no proven success and a restructing plan that is basically a one line document........"we are restructuring...we promise we are.....no really we are.....trust us!" All of you with long positions i will say a couple prays for ya....sacrifice some chickens and not walk under any ladders in hope that that may bring you some good luck.....cause boy your gonna need it!
I DID own that sorry piece of $hit for several years...sooo glad to be out of it right now too many irons in the fire to realy care about this (INTC) sorry POS