INTC is forecasting 50% for the next quarter in gross margins. Current margins came in at a dismal 46%. That is not meeting the whisper and they are selling the stock. It better hold 25.50.
CPI on deck tomorrow, but it is not looking good for bulls. Another SPX failure at 1552 and DOW 14K did not hold.
correction: INTC is putting out 51 to 52% margins for the rest of the year, but that does not seem to be enough as the stock slips under 25.50 after hours.
That said, the stock could be a buy should it correct beyond reason. The area between 24.20 and 25 is strongly supportive.
CPI on deck tomorrow, but it is not looking good for bulls. Another SPX failure at 1552 and DOW 14K did not hold.
correction: INTC is putting out 51 to 52% margins for the rest of the year, but that does not seem to be enough as the stock slips under 25.50 after hours.
That said, the stock could be a buy should it correct beyond reason. The area between 24.20 and 25 is strongly supportive.
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on Tuesday, July 17, 2007 at 7/17/2007 04:19:00 PM.
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