$Intel (INTC.US)$ watching for $36 next week. Let IV cooldow...

T-rader : If this falls to 36, watch a lot of retails jump off the building. I believe some bought with heavy leverage, just for earnings.

104128755 OP T-rader : even better. IV is way too high it needs to cool down for a while

T-rader 104128755 OP : The next support will be 20ma, at 43.444, 50ma at 40.042, 100ma at 36.839, 150ma at 32.049 and lastly, lower Bollinger band at 32.218. But I believe it should hold above lower Bollinger band for sure, if it's just bad earnings and not black swan event.
Also, KDJ is still high and RSI at 52, the safe entry will be when it goes back down to oversold region, since there will be a lot of profit takers all the way from 20s. It went up too quickly. So, those who bought in the 50s have to brace for more pain ahead. 50% down from current value is a better fair value to justify the current price vs earnings valuation. Until the earnings turn into positive for the next 4 quarters, then price of 50s is considered reasonable.

104128755 OP T-rader : It’s bound to drop further. Not because of earnings, but their foundry is shit and the yield is atrocious. And by atrocious i mean really bad…

T-rader 104128755 OP : Yeah tbh.. they have gotten too complacent over the years, thinking that they are the market leader as a PC chip manufacturer and will continue forever. They will end up like Nokia one day.

BrokeDuck T-rader : well they kindna deserve it

WolfOnZodiacStreet T-rader : guys living in a homeless shelter is nice, there is always hope,  dont self delete.

T-rader WolfOnZodiacStreet : Wah u never know.. how much leverage these ppl take these days.. much more than they can afford to pay up the debt.