INTC lacks value and shows no sign of sustained upside; a potential bottom exists near $33.

anchor point of the 1983 IPO. Its value is around 24. So, it's not very valuable. But you know we talk about handoff. This low point was in 1993, and this handoff from there , this blue line, is in 2000.

So, this is basically the next important level from the 2000 low point, which we broke below the 2000 low point. And now we have the low point of 1993. And as you can see, it's around $33 per share.

So, I think we are very close to a point where we will see capitulation or a final collapse. What you want to see before the stock turns around is a day where there's a lot of volume , I mean we could say , huge volume or washout volume, where some institution says, "Get me out."

I don't care. I have 10 million shares left. Get me out of here now. "Or 50 million shares, whatever. And you see that huge selling pressure . Then a bounce comes.

And you have to look at it like maybe I'll hold it for a few years because it's an investment and maybe there was a significant bottom around 33.

Or you look at it like, "Okay, this is a bounce. Let's see how it behaves with the 5-day moving average."Then, if it can get above that and hold , you start looking at the 10-day and 20-day moving averages and see if the market or the stock is going to let you hold it.

We gapped up today but as you said, it was a complete failure. So, the sellers are still there . There's nothing yet that indicates that this stock is ready for any sustained upside. 33 might be that area .

I have another question for you on this because the last time you gave us the long anchored view of Intel, that was a great trade from the 19-20 level. And when I look back, a lot of people were able to make better profits from that .

My mistake was that I didn't find a place to add more shares when Intel was going up.