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Chip giant Intel develops advanced integrated digital technology platforms and components for the computing and communications industries.
Oversold and the desktop isn't going to die.
http://www.fortuitoustrade.blogspot.com/I like how all of these analysts have downgraded Intel AFTER its epic drop from $29 primarily on PC headwinds and the lack of a presence in mobile. All are acting as if (1) the Moto RAZRi doesn't exist, (2) no parent in the world will buy their child a PC for Christmas, (3) the cloud would happily do without Intel, (4) Intel failed to get the skeletons out of their closet with their OWN earnings revision, (5) Intel already isn’t trading with a forward P/E of 10 and hasn’t already gone from mobile ignorant to mobile evangelical. Combine that with the bond surrogate effect that these mega-cap divvy players are providing to the boomer generation and Intel's near 4% divvy, I laugh at calls of this company being a dinosaur. I'm just trading this stock, but I called up my dad and told him to sell the dog and buy Intel. This company is approaching stupid cheap, which I'll go ahead and say is $20.
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