With a very disappointing outlook for the next quarter and renewed worries about Maxim Integrated Products' (NASDAQ:MXIM) ability, or lack thereof, Maxim shares are off significantly amidst some broader renewed worries about the chip sector. This may be one of those "buy the dip" opportunities that investors are always supposed to be looking or waiting for, but the outlook is admittedly a reason to pause. That's the problem with "buy the dip" opportunities - stocks rarely sell off because they're forgotten or a sloppy block sale pushes down the price; usually something pretty scary is going on in the underlying business.
The sell-off here does look too steep, but I'm not in a rush to add this...
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