Yes, but the last time it was $27.13, ...... 8-)
I was thinking of when it came down from $29.
Good catch. My goof.
I like the $27.00 strike - 22.5 cent dividend = $26.775 for a close. But, I said that yesterday and was happily wrong. It closed at the strike.
The last time Intel was over $27, the short interest was 80m shares. If Intel breaks and holds $27 or a new 52-week high, then it will have to do it with another 160m short shares weighing down on its back. There will be Covello and crew trying to keep the technical barrier from being breached .... until the market or news weakens it.
short interest down 800k and stock price up by about a dollar.
3/31/2014 221,756,069 INTC traded around $25.50
3/14/2014 222,525,143 INTC traded around $24.50
Lots of shares available at $26.99 and $27.00, but not so many at $27.01.
Seems like buyers are just slowly chewing through shares.
I like $26.78 close ..... strike - dividend
But that will only happen if my model has clean clothes.
Looks like you posted this too early or too late.
INTC has only been up since your prediction. INTC was trading at $26.83.
You are having a real tough time trading in and out. Looks like a long way to significant profits.
3 minutes 19 seconds ago sold $26.90
Apr 8, 2014 12:43 PM long ( hi/low 26.98 26.35 )
Apr 4, 2014 1:09 PM cover ( hi/low 26.73 26.11 )
Apr 3, 2014 2:08 PM double short ( hi/low 26.46 26.14 )
Mar 31, 2014 12:41 PM short ( hi/low 26.06 25.62 )
Once the shorts are gone, then Intel should track the market fairly closely. 40% to 50% of the volume is from INDEX and SECTOR related ETF and mutal funds. Intel is a component of just about every market and tech sector index.
If the market goes up, Intel should go up.
If the market goes down, Intel should go down.
If the sub 1.0 BETA continues, then the moves should be less than 100% in either direction.
WSJ has INTC as #6 on the list of its BUY ON WEAKNESS stocks today. This list is transient but INTC is at the top today pushing on its 52-week high.
Large "money flow" into the stock. Large blocks trades on up ticks.
What do you see that looks different that what the WSJ is seeing?
"close its fab plant "
Gives an indication of the quality of reporting. Intel does not have a "fab plant" in Costa Rica. It has a assembly/test manufacturing plant there that employees the 1500 people. That assembly/test group is being combined with other groups in Asia. Intel also has an IT call center located in Costa Rica. The call center, I think, remains open.
Yesterday, BAC made a larger announcement of 3,000 people . Both Intel and BAC announcements follow the election of Citzens Action Party candidiate Luis Guillermo Solís won election in Costa Rica.
BAC announced yesterday that they were closing a Costa Rica Stunned as BofA, Intel Fire 3,000 Workers
By Isabella Cota Apr 8, 2014
"“The incoming government will have to start working, starting now, to find what the real, underlining cause of these two moves is because we need to take corrective measures,” former Finance Minister Thelmo Vargas said in an interview. “This is a strong call to the country to keeps tabs on things like the rising cost of electricity, telecommunications, wages and social guarantees.” "
This should not be a surprise to anyone who read the January headlines.
"Heartless intel cuts 2600 jobs"
No. "heartless" Intel is reducing headcount by 5,000. So far, 1,500 assembly and test workers in Costa Rica and likely 50 to 100 in the Barcelona Design Center.
"They only think of themselves, not care for workers."
Who are "themselves"??? I am not clear about who "they" are.
Executives responsible to those shareholders?
Board of Directors?
The remaining 100,000 employees?
The remaining communities where Intel continues active?
Intel to cut over 5,000 jobs
By Steve Hargreaves January 17, 2014: 7:03 PM ET
Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year.
There was a rumor that Intel was taking action at one of the Barcelona design centers which I think affected 50 employees.
Intel closes Costa Rica operation, cuts 1,500 jobs
By Noel Randewich
SAN FRANCISCO Tue Apr 8, 2014 4:20pm EDT
"A good deal of the results we are seeing today were initiated by P.O."
Yes. BK was a key member of Paul's team and had significant input.
With a $16 target since 11/29/2012 with Intel at $20.09, short followers cannot be pleased paying the $1.125 "in lieu of dividend", share borrowing costs and "opportunity lost" costs during this up market.
I think that short interest started its ramp from 80m up to it 222m level starting in May 2011 when GS Covello downgraded INTC to a SELL and lowered the price target to $20.
Imagine when he or GS determines that it is time to adjust the target.
$27.12 is the 52-week high. There will be a lot of GS customers trying to keep it from breaking that barrier. The 52-week high close is $26.67.
The 52-week high adjusted close was $26.49 yesterday.
222m shares short.
The shorts also have help from those selling calls (10k Jan $27 calls) and buying puts.
DJI is down a fraction.
NAS is up 0.7%
SP500 is up 0.3%
INTC is up 1.6%
The new short interest data will be released tomorrow after the market close. That data, through March 30th, will give an idea of how much of the run up has been fueled by short covering.
BTW, how do you tell if "shorts are covering"???? or not???
The other question to ask is "Which Broadwell release date is he using for his assumption?"
Broadwell bombshell: Has Intel delayed 14nm deployments until Q4 2014?
By Joel Hruska on February 13, 2014
"No one doubts that Intel is currently building Broadwell chips; the company has said as much. The market is rather concerned, however, about whether Intel is going to be shipping those chips in the not-too-distant-future."
"Here's how to make copious amounts of lucre right before earnings: go short, sell calls or buy puts."
You sold your puts prematurely on Friday, right? Too bad. You could have made another 30 cents a share by having confidence in your own recommendation. I would add one more fine point to your "sell calls" recommendation. That would be only cover a portion. Be careful of the ex-dividend date in early May. Options get exercised early for dividend positioning.
"Yinz do realize that, you know, we've been here before, remember?"
Seems like we have, but if you look back at the last year, it would be pretty hard to time the in and outs to do much better than just hold.
The Costa Rica news paper is one source. Today's front page has a follow up article that indicates about 50% of the 2800 employees are affected.
Intel’s Service Center Will Remain in the Costa Rica Despite Moving Their Factory
The Costa Rica News (TCRN) – Intel announced this morning that they will be eliminating their microchip manufacturing plant in Costa Rica, leaving only their global service center.
This will affect approximately 1,200 people. However, Intel does have plans that could open possibilities for some of them.
Luis Guillermo Solis confirmed today that he has agreed to a meeting with Intel’s corporate vice president next week.
Intel will be moving the manufacturing operation to Ho Chi Minh City in Vietnam.
When questioned, the Foreign Trade Minister, Anabel González, said that they have been talking with Intel and the company said that the firm will make some major announcements in the coming days.
Intel Costa Rica, according to the Ministry of Foreign Trade, invested $800 million of Foreign Direct Investment (FDI) in the country between 1997 and 2010, representing an annual average of 6% of total investment flow received from abroad.
In Costa Rica, Intel employs about 2,700 people and represents about 22% of exports.
The Costa Rica News (TCRN)
San Jose, Costa Rica
You were talking about "today" and that is what I responded to. But, over the last 3 months, Intel has outperformed the DJI, SP500 and the NAS Composite by several %.
Of course, it is not too hard to find some metric to complain about.
1 month? Nope. Intel up 6% versus indices.
YTD? Nope. Intel better.
6 months? Nope. Intel up 5% more.
1 year? Ahhhhhhh!!! If you go back 1-year, Intel has only done better than the Dow (about 15%) and better than the SP500 (up about 5% more). Intel trails the NAS composite by about 5%.
"Announced in October 2011, ARMv8-A"
It has been 2.5 years since ARMH announced the 64-bit. I suspect that QCOM was working with them before it was announced.
How long were you thinking the "time to market" was for QCOM?
If AE is correct, then Broadwell will also miss
National Beheading Day
Be Late For Something Day
Cheese Pizza Day
Make Your Bed Day
and of course .... Ask a Stupid Question Day