Did you ever think of the possibility that Intel's earnings could go up? What do you think will happen to that P/E ratio and the market value of Intel when that happens? I bet you think those analysts are going to tell you when that's going to happen. NOT!!!!!! At least not until after it happens and they have been long Intel for months.
When you're dealing with people who are short, they never take in the big picture. With shorts, prices only go down, hardly ever up. It's probably easy to make money shorting, because all you have to do is join in unison t bad mouth a stock. It's easier to say bad things thatn good. And if the price goes up, well, that can't be the recovery in the price--it must be just a bunch of sorry losers who are throwing their money at a 'worthless' stock.
It's easy to be a short, because shorts aren't real investors--they're just gambling. Sooner or later guys, the house wins.