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Impact of INTC Downgrade, Other Problems


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#1 Modest Trader

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Posted 01 March 2004 - 08:38 AM

Since INTC is in every major market index, will its problems this week drag down all the major indices, or will investors buy on the bad news and cause a major short squeeze? One note of caution is that short interest dropped drammatically last month for INTC, AMAT and many of the other chip companies (from 25%-35% so that short cover ratio is now down to 1 day for most chip stocks).