Intel moved up 7.6% on significant volume and breaking out of its 6 month long range. Is it getting ready to move?
2 Likes
The big question is why? CNBC was saying Micron (MU) did well after announcing layoffs and guidance that was not as bad as feared.
Was a good day for tech stocks. Intel might as well tag along.
Will they get their act together? When?
First of all I am not sure MU results were good either. Who knows, it could be a reaction to the higher layoff numbers, they have previously talked about 10% layoff and now it moves to 15%. Not sure you can read MU’s results into INTC. IINTC is getting accumulated. Why? Don’t know. Whether it is sustainable, or Intel fundamentally turned around, etc, I have no idea. It is a nice technical breakout from the range. That’s all. I might trade this.
Sometimes, when things fundamentally hit the bottom, the turn around on the stock price, and the volume means market is ahead of the potential fundamental turnaround.
Again, no one should listen to my views on INTC, I am an idiot who bought at mid30’s in 2017 and rode all the way to 60’s and back. I have collected dividend and traded the stock, options, but basically I missed the peak and spectacularly failed to accept AMD is a better stock. My friend (who works for AMD) begged me to buy AMD, I didn’t. So, I don’t trust my own views in this name. 
caromero posted an article that AMD is coming out with Zen 5 on another thread fyi. This can’t be good news for INTC if they are in catch up mode. Also AMD has been hot recently moving the last week or so up to the low $100 from the high $70 to low $80 range and maybe poised to build a base there IMHO.
Here’s another article from the fool writers…doc
At last I accepted and started selling INTC in my accounts, I will take the minor loss in some of my 2019 purchases. But it is not the loss in INTC that is hurting but completely missing AMD and NVDA. Intel is yet another former stalwart not able to manage the technology transition.
I have owned Intel from 2000’ on and off and generally made money. So I was in love with the stock and I put more weight on their data center, laptop dominance and willing to overlook product misses, timeline misses, etc.
Buy and Hold is not easy.
Intel looks like it may still have some legs. My chart shows it to be a buy for trading purposes…doc
edit: IMHO
1 Like
May be. I want to limit Tech to 25% allocation. However, META, CRWD AMZN, all moved a lot higher, this has pushed my allocation far higher than 25% to tech. I am planning to trim META & some AMZN and INTC is a smaller positions that I can eliminate, hence INTC has to go. I am looking at some new names in AI space, which will, when added push me above 25%. while INTC may have some legs, clearly at this time they have lots of execution issues, and their foundry focus means, they will be forever high capex and low margin and are behind in AI space and that’s where most of the new investment IT dollars are going. It may very well do better, actually there is a huge data set that the stocks I sell often goes on to be top stocks, so if you own good luck.
1 Like