It is a gamble, and one that could fry my rear end, but I think with relative valuations and what I hear from the field it is a good risk reward shot. If you see broad upside trading in the equipment group after INTC gives a positive report, you will know I was wrong and am desperately trying to exit alive <gg>.
I disagree.Last earnings,INTC tanked the markets for 6 1/2 hours straight the next day.Then IBM came in after the close,and in a heartbeat ignited a rally that didn't end till late November.Even the most horrendous possible news from INTC will be forgotten ahead/post IBM + MSFT on Thursday.And any good news from Intel=end of the bear,as shorts will be trapped.My opinion.
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