rts, thanks for your reply and concern. No problem with margin. I had a nice cushion from wdc and stx.
But back to Intel,
re >> Actually INTC is up at the moment.
That was yesterday. And actually, the setup is very obvious. After intc is up a little, and covering (or accumulating) becomes more expensive, a down-grade comes out of no-where. It goes down for that day. Presumably, the down-grader collects a commission based on the shares they harvest, and so on.
This will keep going until the downgrades lose their effect. Meaning, all the fund-managers who are likely to respond to the scare are now out of shares. At that point, the hedge funds who have accumulated shares will want to sell them, and I suppose they will start requesting up-grades.
Today, after the latest down-grade (which followed an up day - exactly like the previous two down-grades), we'll see whether saturation has been reached or not. It looks close to that point.
Good luck to you too.
Sarmad |
