I suspect that the biggest chunk of the margin debt is from short accounts where shares they shorted kept increasing in value.
.... a second one is reference to a Barron's article this last issue ...
Intel Has 30% Upside
Intel has a 3 ½ -year lead on rivals in chip-making technology, which should pay off in prolonged growth.
By Jack Hough
November 22, 2014
fifth paragraph in article ....
"As elevated capital spending reverts to ordinary levels, the result should be swelling free cash flow and more dividend increases like the one announced Thursday. Shares look likely to rise over 30%, to $48, over the next two years."
one is from .....
Seeking Alpha article ...
Intel Valuation Analysis: Undervalued On Fundamentals
Nov. 25, 2014
"Intel Corporation presents an attractive investment opportunity based on a very conservative and comprehensive valuation analysis. Analysts who cover the company expect it to grow EPS to $3 per share by the end of 2016, and a conservative P/E multiple of 16x yields a price target of $48. The purpose of this article is to offer a more comprehensive valuation analysis geared toward the next 12-18 months. "
Covello raised the target price to $18 in June. I have not seen any other changes but it would be easy for him to just issue a statement saying that he is: "raising the target price to $30 from $28" and WHO would go back and try to reconstruct the $10 missing price target gap he slipped in???
June 13, 2014
"Goldman Sachs maintained a Sell rating on Intel with a modified price target of $18.00 (from $17.00). Yesterday shares gained after Intel raised Q2 guidance. Analyst James Covello thinks strong execution is priced in. "
"Then all of the longs on this board who have been pumping for 10 years plus wil have broken even. LOL"
.....which is much better than all similar shorts who had to pay borrow costs and dividend charges as well as being even on their original investment. .... 8-)
Who is in either group?
"This is a financial board friend,if you're so unhappy ... "
The post was intended to be a parody of the noises being generated by every action taken or not. I guess I need more practice.
I expect, JMO, that there will be less accomplished during the next two years, than the last two years and an impeachment circus would entertain the extremists ... . BUT .... this is a financial board.
"Just what in H was our president supposed to do ?"
He was supposed to do the other thing.
He did way too much of this and not enough of that.
He broke the law and should be impeached for doing too much of this and not enough of that. It is a clear violation of the Constitution and illegally usurps the power of Congress and the Judiciary.
"period ending Oct 31, 2014"
The 31st was a Friday and the following Wednesday Intel went ex-dividend. On Tuesday, 250,000 in-the-money CALL options traded.
IMO, the shorting and dividend award are related in some way.
I am having a hard time following this thread because I cannot distinguish a real difference in any of the positions put forth (other than the insults). The Colbert Report is a parody of political opinion shows like The O'Reilly Factor. Colbert is "sarcasm of the ridiculous positions and statements of others."
There is very, very little dispute that the climate is changing and that there are more extreme weather patterns. There is no dispute from any knowledgeable sources.
The dispute is over how much change there is, what is causing the change and how much can be done about it. I think the big argument is specifically about how much human activity has effected it and what changes can be put into place to slow/stop/reverse the effects and which changes would be right.
There is the group who do not think anything useful can be done (I think funded by big oil, big coal, big power and big farms.)
There is the other group who think something can be done about it and want to try (I am not sure where the effort is coming from for this group.).
IMO, The answer is probably much more complex, expensive and will be disruptive to many, many people. Some impact can be made but it is unclear how much and at what cost. I get a few inches closer to the beach every day without lifting a finger.
"3. INTC – Buyer of 17k of the Nov 35.50 calls for .85 to close, vs. selling 17k of the Dec 38 calls at 0.19 to open, likely rolling an overwrite position in the stock as INTC hit a new 12 year high last week."
Someone ROLLED UP 17k NOV $35.50 CALL option contracts to DEC $38.00 and took a loss of $0.85 - $0.19 = $0.66 per share or $1,122,000 to keep the shares. The $38 new strike seems to represent what the INTC LONG thinks will be "safe" from being "in-the-money" again in Dec.
"Srini Pajjuri of CLSA "
CLSA is Asia's leading equity brokers and investment groups working out of Hong Kong and owned by CITIC Securities, China's largest brokerage .
Srini expects a 2% drop in PC sales in 2014. When coupled with the Intel forecast of +9% increase, he tried to resolve the 11% difference between his -2% and Intel's +9% for 2014.
The way he tried to resolve the 11% difference between his 2014 PC numbers and the Intel numbers was to say:
- 3% will come from an increase in market share of his 100% -2% = 98% market estimate.
- The remaining 8% (11% -3%) missing, he thinks, is going to come from a piling up of INVENTORY in the Intel customer channels.
Srini thinks that in the 5 weeks following the Investor meeting, Intel is going to miss unit volume by 8%. Intel does not "book revenue" until their component customer sells their products. All Intel product in the channel represents INVENTORY and not REVENUE so what Srini says does not make sense.
"For that, Intel should continue buying back at more aggressive way."
INTC BOD put $20b in the buyback fund but they Stacy Smith said several times yesterday that they do not try to time the market or buy based on up/down expectations. I doubt they will change that strategy.
"I have suggested Intel execs should focus on the artificial intelligent assistant application to promote its server sale at exponential scale"
I am not sure what this would be, but Intel Capital is taking positions and enabling leading edge companies.
"Not wearable stuff "
IMO, the "wearable stuff" will drive more server sales than AI applications, but I have a number of ideas that would lead to large cost reduction in patient care.
NVM .. the most interesting presentation for me was the last one by Rob Crooke on non-volatile memory. He talked about 32-tier deep transistor arrays and densities that would generate "DISRUPTIVE PRICING" in a market that is currently $2b and expected to be $12b in the next 5 years. When questioned about whether building the SSD's was possible, he said that the SSD drives on stage were built with the technology.
Stephen Suttmeier, BofA/Merrill Lynch's Technical Research Analyst, just released this "gem" bookend for James Covello's sub-$20 target. He computes his target looking at a 10 year chart which shows INTC making a very large, well formed base.
He has an intermediate target of $46 which still seems high to me too, but I would not mind him being right
Technicals Point to $60/Share for Intel
November 21, 2014
Intel impressed Wall Street with its 2015 guidance and dividend hike yesterday. However, despite gaining about 5% to $36 on the news, the technicals are pointing to even greater upside potential.
BofA/Merrill Lynch's Technical Research Analyst, Stephen Suttmeier, said Intel has a big base and a tactical 90-day upside breakout. He sees upside to $46 and then to $60.
"Yesterday’s 90 -day price and volume breakout above resistance at $35.00-35.56 completes this bullish consolidation and favors a continued rally," Suttmeier said. He added, "The pattern counts to $41 but the potential for a big base suggests more significant upside to $46 and then toward $60 and beyond longer-term
No INTC downgrades today, that I have seen.
Either upgrades or price target increases, like ....
INTC raised its dividend and gave a solid footing for guidance in 2015 at its investor day. FBR Capital markets maintained its Outperform rating but raised its target to $40 from $36.
" That must be why it's up $1.60 today!"
The shorts were in control of the doors, windows, stairs, elevators and every exit path to cover losses. A couple of the larger shorts even chewed a hole in the wall to escape.
"sold way too soon but couldn't stop it because the bids moved to fast. lol "
If I had to make the decision you made, I could have messed it FAR WORSE!!! The share movement surprised me. Intel stock has not seen that strength in over a ..... really long time ...
BTW, congrats on your profit. You did get to take advantage of a highly elevated volatility when you sold ......
PRICE was $34.58 when you declared the top ....
INTC will have to drop faster to get back to your declared top ... $1.00 ago.
Just hit the high for the dayitakebackmyapology by itakebackmyapology • 1 hour 47 minutes ago
Going down from here.
Intel also issued a "WARNING" that 2015 revenue increase would be ABOVE consensus analyst estimates. 8-) I like that kind of warning.
Full-year 2015 Business Outlook
Revenue: Growth in the mid-single digits.
Gross margin percentage: 62 percent, plus or minus two points.
R&D plus MG&A spending: Spending as a percent of revenue is expected to be down with spending of approximately $20 billion, plus or minus $400 million.
Capital spending: Approximately $10.5 billion, plus or minus $500 million.
Dividend: 96 cents-per-share on an annual basis, a 6-cent increase year-over-year, beginning with the dividend that will be declared in the first quarter of 2015.
Intel Announces Increase in Quarterly Cash Dividend, 2015 Business Outlook at Annual Investor Meeting
6 cent increase