Biotech Values

[wallstarb]

INTC is showing that they can move away from high priced/high margin CPU's and low price/low margin processors and components and still make money.

The trend is goign to go that way even more extreme where we have numerous cheap, disposable consumer electronics rather then one $3000 PC or laptop. INTC has shown that they can comperte and thrive in a new electronic landscape.

ON a SIDE NOTE:

INTC earnings/preannouncements over the last year have been short term market tops, this is by no means scientific but I recall when I was trading very actively last year - that the major tops ont he way up have been into gap ups caused by INTC earnigns or INTC preannouncements.

This might be the sell the news event that gets us to digest some of the gains over the last 7 trading days in this 10% pop off last weeks lows.