$INTC Some will see this as a buying opportunity in Intel

Earnings season can really kick you hard when least expecting it, that is the case in Intel for sure, possibly complacency had taking affect. We like many may have taken it for granted that everything was positive in the chip sector, Intel dismissed that claim on their earnings call. Today is not the time to overreact, things can be very erratic as so called experts will fill the airwaves with doom and gloom and scaremongering will step up to another level. Institutional investors will not be listening they will be analyzing and waiting for weak hands to sell so they can quite possibly buy. Intel like every other company have competition to deal with and maybe, just maybe AMD have taken more market share than expected. The SMH has also been in overbought territory so a correction is natural and needed.