They're undervalued on paper… But they're under-performing. Unlike with CSCO they just don't have what it takes. They may exist in 20 years, maybe I'll consider it then. I just can't see future value even if they make arm chips, If they don't launch an ARM in 2021, or at least showcase one at CES I don't see them surviving the decade. Approaching 50% debt, keeps on losing market shares. So far so bleak, especially when you consider AMD has been out
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Bought at 45.47… My order was at 45.5 but market opened lower. Not sure how long I'll keep this one.
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Closed the trade at $45.41 Realized Loss: ($0.07) Detail: (45.47) + 45.41 + (0.01) Reason for closing the trade: down by 10% Gapped through stop. Didn't profit from the trade. Closed as soon as I could. First loss is the best loss. Didn't expect Microsoft to announce their plan to fuck up at making CPUs. Looking at a short for MSFT :|
The market knows this already ...the market has discounted it to unrealistic lows based on the information that you and everyone else knows. The problem is every reaction in the market is an overreaction. This is an over reaction that will lead to an opportunity and a reversion to the mean, countertrend, buy for the pullback and wait...swing trade.