Romit Shah (Nomura Securities) is irregular. He is way overdue for his Intel bashing. Romit and the group of analysts who routinely jump on Intel following every announcement are missing in action. Did I miss something? Nothing from any of them.since earnings. Whats up??????????
Check out back guys! I think they are sneaknig up from the back.
I'm selling Jan 14 covered calls when it gets closer to $22, which I suspect it will be by Friday... I expect it to start driveling down on Tuesday and then maybe head for $19, but I really doubt it will get that low, probably $20.50 maybe $20 at its lowest this quarter... boy I hope it does, cause I'll be loading up then... Then again, I KNOW NOTHING in this market climate...
Divy is the reason- they all love it.
For the last couple of days the volumes have dried up ( regular trading hrs).
I guess this is how they play the game. The trading division shorts Intel then comes their analyst who starts bashing. They make sure that this conincides with the IDC/ Gartner PC sales report so that the stock price drops.
They are not bashing now because of divy- if their buddies shortsell they need to pay divy on borrowed stock.( volumes being low- makes sense as the longs are holding on for divy and shorts are staying away because of divy they need to pay if they short it).
Once the EX div day approaches it probably will be time for market correction. Our dear friends Romit shah, and his kind will come out in full swing so that they can take it to $19 and change.