Intel INTC down nearly 10% after hours.
Kiss the economy good bye everyone.
This is one stock thats part of all 3 major indexes dow, s&P, nasdaq AND its a high market cap company so real money is down the tubes.
%^_
QQQQ down nearly 5% now. If market was still open, nasdaq would be down more than 100 points.
edit* Intc down more than 13% now and under $20 bucks per share.
Kiss the economy good bye everyone.
This is one stock thats part of all 3 major indexes dow, s&P, nasdaq AND its a high market cap company so real money is down the tubes.
%^_
QQQQ down nearly 5% now. If market was still open, nasdaq would be down more than 100 points.
edit* Intc down more than 13% now and under $20 bucks per share.
Intel has been down more than 15% already after hours and down 14.75% now.
:hikitty:
side note: anybody that bought the ibm news yesterday has a huge hole in their pocket...that entire move from yesterday has already vanished. i said yesterday that news was a good opportunity to sell.
:hikitty:
side note: anybody that bought the ibm news yesterday has a huge hole in their pocket...that entire move from yesterday has already vanished. i said yesterday that news was a good opportunity to sell.
all i know is that i sleep soundly every night knowing i'm quite short the markets
this is unraveling at rapid speed here
might reach panic mode soon if fed don't step in
i think down for tomorrow is a solid prediction now that intel has shaved 15% off of its 132 bil market cap
intel is a dow component too
take the after hours shave off and intc is now at 19.50 or so.
one year chart below and decade chart via clicking the link below the one year and volume chart.
http://bigcharts.marketwatch.com/qu...sp?symb=intc&sid=0&o_symb=intc&freq=2&time=13
one year chart below and decade chart via clicking the link below the one year and volume chart.
http://bigcharts.marketwatch.com/qu...sp?symb=intc&sid=0&o_symb=intc&freq=2&time=13
intc one of the few tech stocks I own.....will be buying some more soon in the 17's if it gets there
I hope ag is next to get cut, would love to get on board that train
I see alot of shit on sale.....it's not like the s&p is at some ridiculous PE multiples
I have a CD coming due next week....had planned to put 50% in gold coins, but with recent events, I may stick 50% in some of these equities and the rest in some PM juniors if they get chopped off too. goona be hard to be patient
I hope ag is next to get cut, would love to get on board that train
I see alot of shit on sale.....it's not like the s&p is at some ridiculous PE multiples
I have a CD coming due next week....had planned to put 50% in gold coins, but with recent events, I may stick 50% in some of these equities and the rest in some PM juniors if they get chopped off too. goona be hard to be patient
hno:nazdaq 100 AH off 2.19%
no bounce in intel just grinding down around 14%
yikes
carry trade unwind vs kiwi and aussie dollar continues
things just snowballing on top of each other
was one unsustainable pyramid scheme all the way to the top, the unwind is viscous as everybody trying to get out the door at the same time
to be fair looking at the intel numbers it is a bit of an overreaction probably but sometimes markets don't make sense when they get panicky
regardless recession is coming though but gonna be a choppy ride down
no bounce in intel just grinding down around 14%
yikes
carry trade unwind vs kiwi and aussie dollar continues
things just snowballing on top of each other
was one unsustainable pyramid scheme all the way to the top, the unwind is viscous as everybody trying to get out the door at the same time
to be fair looking at the intel numbers it is a bit of an overreaction probably but sometimes markets don't make sense when they get panicky
regardless recession is coming though but gonna be a choppy ride down
looking at p/es solely is flawed
plus if you look at the debt side of the equation and how much bad debt out there its crazy
during the tech bubble at least companies were debt free, huge amounts of cash, and growing at insane paces, thus the high p/es
but eventually reality crept up and the growth didn't continue, intel is now blue chip company that will see slow sustained growth over the long haul and should have p/e on par with say budweiser
bud p/e (which i own) closed today at 18 before intel haircut it was 21
alot of the big tech companies like intc would be fine if helicopter ben and the fed would raise rates and stop printing as much money.
that would take away the life preservers floating around the economy that are keeping alive companies that are destined to fail anyway.
nice to hear cramer keeping it real and calling the economy the pos that it actually is.
that would take away the life preservers floating around the economy that are keeping alive companies that are destined to fail anyway.
nice to hear cramer keeping it real and calling the economy the pos that it actually is.
intel will backrupt amd and other small chip makers will go belly up as well...they'll be a great buy at some point
regardless of what ben does
looked at an amd chart lately? its UGLY
6.12 to 5.66 in AH on intel news too
y amd used up alot of its cash stash too only 1.53 billion left over 5 billion of debt
intel has plenty of cash to weather the storm
