Brian Shannon on $INTC (Nov 6, 2026)

When you look at Intel, remember that there was a big sell-off at Intel last week. And deep buyers were trying to find a price bottom here. And you know what? Everyone knew that this was the biggest sell-off since 1974.

So it fell a lot. It filled the gap. This is definitely a buying opportunity. And this is the kind of thinking that amateur traders do—no disrespect if you've thought that too—but amateurs are taught to think that this is a dip or an opportunity.

This is not a dip. This is a damaged stock. It is below the 20- and 50-day descending moving averages. It will take time for all these stocks to return to their previous state.

That doesn't mean you wo n't get a good bounce or uptick from here next week. Maybe it will do that on Monday , tempting people when it rises above the 5-day moving average , but the 5-day average remains down.

And if it does something like that, maybe it can start moving; You can buy here and place a stop loss below it. Sell a quarter of your position. It will either fall behind or fail, then get out of the rest ; Or it will pull back and make a higher low , then move your stop loss higher.

Keep increasing your stop loss until the stock is telling you something. Maybe it can go back up to that 20-day descending moving average. Let the market tell you how long you should hold these stocks.

I have spent a lot of time working on semiconductors. The bottom line is, I do n't think these are worth buying yet.