Intel Interesting After 2016q4 Guidance

Discussion in 'Stock Market Forum' started by baudwalk, Oct 20, 2016.

  1. baudwalk

    baudwalk Senior Investor

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    Silly people sold $INTC down -6% yesterday on lowered Q4 guidance. That put the RSI to oversold and the price well below the 50d MA. It is near a six-month support level and I just don't agree with the recent Seeking Alpha articles, err, blather, that should be called out as nonsense. I added more INTC to my existing shares at a decent price of $35.33. T'was a nice present at an effective ~3% yield. Giddyup.
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Some of those guys at Seeking Alpha" are the "petesede" / Walter Mitty types who just like to make stuff up. I think many of those articles were where sede got most of his blather that he'd more or less copy/paste here anytime a company was mentioned.
     
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