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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (18099)	2/28/2024 9:37:37 AM
From: Kirk ©	1 Recommendation Recommended By Sun Tzu Read Replies (2) \| Respond to of 26858

Good call on INTC. I just missed taking profits by less than $1 so you nailed it if you sold. Back in January, on twitter I predicted that INTC will hit 41ish and pause. Then if the support caves in, it will go to mid 30s. That was a 30% decline then. It hit 41.60. You want to make sure that holds before you buy. Or you can buy and put a stop with a 41 handle. The chart is ambiguous with a negative bias. Any time you get a double in such a short time, huge pullbacks are to be expected. Here is an interesting blue support/resistance line showing why here is critical in the long-term.

To: Sun Tzu who wrote (18099)	2/28/2024 9:44:21 AM
From: Kirk ©	Respond to of 26858

I agree and would rather see the tax code changed to zero tax rate on profits from goods manufactured in the US, but that will never fly politically. Intel has politics to prop it up. And as it says on my twitter profile, with sufficient thrust pigs fly just fine. So yes, given the amount of money they are going to take in from the government and other influences, INTC should do well...not that SK doesn't prop up Samsung. They do. I'm just not keen on this way of building companies. I fear long-term chip companies taking taxpayer support get screwed then stream rolled like Pfizer shareholders. Pfizer's stock is much lower now than late 2019 before they "saved the World" with vaccines and treatments... suffering still by having to take back doses the government can't give away. That saying about getting fleas by sleeping with dogs is appropriate for PFE.