INTC vs AMD (I guess noone else here is interested in actually making money on stocks that's posting)
Intel looks like it bottomed today though resistance isn't far away. I covered INTC at a 4 cent loss this time around. The $SOX looks like it is about to smoke higher and it may drag INTC along with it so shorts closed here. The INTC chart really isn't much to write home about though.
AMD had a more impressive chart in that it broke a downtrending resistance line. I had to respect the technical breakout and covered AMD as well at a loss. I considered going long but the volume today in AMD didn't confirm the move.
Amazingly, with the Conroe attack coming in the Fall, the benchmarks being leaked, the aggressive pricing, etc. It appears that the market still has more love for AMD than INTC.
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