View Full Version : So, Jimbo's finally given INTC the bears. GRRRRR!
10-18-2005, 08:47 PM
Given his track record, I guess that means back up the truck? :P
10-18-2005, 09:08 PM
:lol: Actually he is right this time. The semis should start getting hit pretty hard in here now. Funny thing about INTC, if you were to overlap a price chart of INTC on top of the Naz back to 1996 where they both started at zero, INTC rose 800% to its peak in 2000, the Naz only appreciated 400%, to the trough in Oct 2002 the Naz had almost given up all of its gains, yet INTC was still close to 100% above its 1996 low. As of right now INTC is 200% above its 1996 levels. The Naz is only 100% above its 1996 levels. We just need to figure out whether the Naz has to catch up to INTC or INTC has to catch down to the Naz. Unless of course you believe that INTC will always deserve twice the premium the ave tech stock does. :D That's Cramer, he thinks the next move to 800% is just around the corner so he'll hold until he gets it! :lol:
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