Replies to post #59066 on Intel Corp (INTC)

[Sarmad]

>> I'm just not totally convinced that we won't see 19.50 tomorrow first. Your thoughts?

It looked like INTC had a lot of support at 20. There were 20m shares traded in the last hour on Friday before it dropped slightly below 20. My guess is that sellers will try to set off a down flurry at the open on Monday, but that it will not stay down without some general market weakness.

The warning window is open for another week. After that I don't think anyone will believe Danly's BS. You can probably get another round-trip on warning fears. As for me, I will continue to hold my max INTC position, waiting for the range to get higher. High 20's this year is a slam dunk.