I'm short - and posted when I shorted. And I'm currently negative (which will make people happy - which is my point). I'd be happy to discuss why - mostly a fun gamble with a few thousand in play money. There's nothing evil in shorting, and it has absolutely zero effect on long investors.
The problem is that Longs (and I'm long many stocks, and have been many times on INTC) have an irrational hate (see above) of anyone that doesn't share their rabid, unyielding, blind faith that a stock is going to $1,000.
It's Longs who jump on any Short (I'm not talking bashers - I get that) and wish him and his family dead - and there goes all rational discussion. I tried to post for a while, got attacked, responded, and then just gave up.
You don't get to blast anyone that posts a dissenting opinion, and then lament a lack of reasonable people willing to offer a dissenting opinion.
I will say that I've read many of your posts, and enjoy your opinion. I find your thought process much more objective than most. But it just isn't worth reading about how someone wishes my family dead.
Enjoy your board.
Five Intel insiders took advantage of a stock price near a multiyear high and sold 1,159,605 shares for $39,177,241, an average of $33.78 each, from July 16 through 21.
Chief Financial Officer Stacy J. Smith exercised options and sold 614,432 Intel (ticker: INTC) shares for $20,839,382. Regulatory filings show that Smith exercised options at prices ranging from $12.98 to $26.79, and they were set to expire April 17, 2015, at the...
"almost impossible now for stock to drop by $6"
I'm sorry, but you're an idiot. Intel has climbed $6 in LESS THAN 6 WEEKS and you're claiming it's impossible for Intel to drop the SAME amount in 6 months?
Conventional wisdom is that it takes stocks 3 times as long to climb as it does to fall.
I'm not saying Intel WILL drop. But you saying it CAN'T drop is just plain idiotic. This is the surest sign of a market bubble - moronic statements that the market CAN'T drop is the surest sign it will.
The dumb money has piled in, the top is set.
Well, the market has only been valued this high twice in history - 1929 and 1999. How do you feel now?
Yikes, so much for that. I like AMD - luckily don't own any. But if it keeps selling off, might be time to pick some up. They should focus on GPU's and give up on CPU's.
I don't see why it would be any different than companies using futures contracts to lock in the price of oil, or timber, or even lock in currency exchange rates.
Then they purchase at the market rate and let the options expire. They can write off the cost of the options as a financial loss/hedge. Intel has an entire group that invests their cash - the cost of the options would simply get burried in the gains/losses from that group.
No, no - haven't you been reading this board? Intel goes to $100 tomorrow, $200 Friday, and $1,000 next week.
That's what happens when stocks hit irrational / bubble levels. Sandisk is up 100% this year - beating isn't enough. Stocks have hit levels that earnings and revenue simply can't support any longer. Fed money-printing or no, the bubble is bursting.
Enjoy Intel at $34... while it lasts.
Yep, the dumb money has definitely piled in. By all means, keep buying.
People bought INTC at $70, people speculated on homes in 2007.
There will always be people shouting down cautious voices... and then complaining that no one warned them.
Really, a 3% short float is going to drive a 17% increase in the stock price? Now that all the dumb money has so clearly piled into the stock market, the bubble can finally burst.
If you think 3% short is moving this stock - or will move it going forward - then you need to learn some remedial math.
This is the final stage before the bubble bursts - euphoria. Intel preannounced and went up 7%. Then, over the next month, the stock steadily climbed another 6%. Then Intel reports largely in-line with the pre-announced numbers, and pops another 8%. The earnings only beat by 5% - and the stock has climbed 21% in 30 days. The stock is now up 50% in a year, with ~1/2 of that gain coming in the last month.
At the current rate, INTC will be $85 by the end of the year. The scariest thing is that several of the people on this board will accept that number.
At the start of the year, a 10% correction would have been a health correction that would then position the market for another leg up. But now we've gone from overvalued to 'irrational exuberance' and we could see a ~25% correction.
The bigger they are, the harder they fall. Right up until the last day, all of the talking heads were insisting that the Nasdaq wasn't in a bubble in 2000. I know no one wants to hear this, and all the cheerleaders on this board will hike up their skirts and insist INTC should trade at $50+... but it shouldn't. And the longer we go into euphoria, the worse the correction is going to be.
I remember when 5% revenue growth didn't justify stock valuations at 15 year highs. The question is, are expectations really this low?
Maybe I'm the crazy one and stocks will just keep going up 30% a year forever.
'cause Intel never sells off after beating earnings?
I'm not saying results weren't good, they were. I'm just guessing (and it is a guess) that they aren't good enough to continue the 20+% rally over the last month.
AH is driven by HFT reacting to keywords. Don't make the mistake of thinking that's real. We'll find out tomorrow morning.
Obviously, the results are good - they didn't miss (then I'd be talking about going back to $25/$26).
a 3 cent beat - AH gains won't hold. Solid forward guidance, no doubt. It's subjective, and a guess - but I think Intel sells off tomorrow. We'll see. I could be wrong. It will be important to hear the call and see how Intel is progressing on their tablet goals. Strong PC sales don't change Intel's long term picture.