I have seen no analyst activity today. It feels like they are keeping a lower profile. One way Romit got out of his overly pessimistic rating without admitting an upgrade is back in 2011 when he REITERATED, said all his bad stuff and then quietly raised the target price. I suspect that will be how Covello will extract himself from his overly low target price.
About the time you saw this action, there was a 10,000 MAY 18th $22 strike PUT trade. Someone bought MAY $22 puts and when they buy the puts, the OMM will short some shares to hedge any of the puts he will have to hold. It will not be a 1 for 1 short but he will likely do some.
IMO, what you saw as the OMM hedging (shorting) shares to balance that 10,000 put trade.
Looking back at the call none of the analysts came even close asking "what's the deal about Intel getting involved with DRAM" -
I don't know what current (DRAM) volume is and what the potential is but these would be questions to be asked by people who get paid BIG bucks
Me thinks the analysts are way, way behind the curve - they just don't seem to have the knowledge or they deliberately withholding positive news.
Several months ago I picked up some "Intel" at EE times where "chipmonk" mentioned that Haswell will have 2.5D and someone on investor hub posted it.
So I was not too surprised - beside Charlie mentioned it too
(Remember when we said that Haswell’s shader count was only the beginning of the performance story? The real reason behind the performance isn’t shader count, it is memory. When we wrote that Haswell was a graphics monster a few months …)
Interesting that Anand had to sign a NDA -
the only thing one Intel analyst did was starting a rumor about Haswell VR ....