Quit trying to make something out of nothing. Alex did a pretty good job of explaining what is going on, but you appear to have a different objective. If you must persist with your false doctrine, please change your name to coinloser77 to more accurately reflect your postings. TIA
Somebody is sopping up a boat load of excess cheap shares. Look for INTC to rise swiftly after they finish getting all the excess shares. Won't be many sellers left.
They did their job. Knocked INTC from 22.42 to 21.50 to save their clients short positions and allow them to cover before earnings. Come to think about it, were still down .52 from their BS.
Sure hope they announce a foundry partnership with INTC soon. TSMC won't help them much at 28nm if they can get it, let alone 20nm or 16nm. INTC will have dual boot and touch 22nm Haswell in peoples hands in another few weeks. We may se another 100/share slide if they don't do something fast.
Implies that earnings will go up faster than sales and year end could exceed 2.15/share. If mid single digits is true, we could see low double digit net profit increase for the year.
Unfortunately Mr Market has a hang over and doesn't agree with you this morning. ARMH up .22 and INTC down .20 at 8:24AM. Wall St says there is no way in Hel8 that its going up until they say it can. That will be after they clear their short positions and buy in for the ride up. They don't even worry about the 6 bilion buyback as they only bought back 538mm last qtr. That certainly didn't create any urgency.
Actually Wally provides a valuable service. He keeps people like myself apprised with articles from journals that I don't read or have access to. Like everyone on this board, everyone tends to get caught up in the moment at times, myself included. as for the other half, I have no use for them, as they bring nothing to the table. If only the rift raft would step in front of a high speed train or bus this board would be a lot better off. just my 2 cents.
Wally. While we may be up .85 this last week, the fact is we closed at 22.26 on 4-10-13. We closed today at 21.91 - thus we are actually down .35 since 4-10-13. this pattern continues despite everyones dissapproval. Management refuses to do what is right and the biggest problem is the won't name another CEO with less than a month to go. Until the BOD gets their head out of there #$%$ we as stockholders are screwed regardless of how much you or anybody else [myself included] praises INTC.
Wally you forgot we have to survive Paul's conference call. Last qtr we were up .50 after hours untill he put his foot in his mouth and we went down 1.50 and he wouldn't shut up. We still haven't hit the 23/ share afterhours that we were at last qtr. Maybe thats why we gave him a 10% salary increase last year and added another 15 million in stock options and pension contributions for Paul's 2012 annual comp. They also extended similiar increases to all senior management while the stock holders lost 50 billion in stock holder equity.
What they need to do is buy the 6 billion dollars worth of shares they borrowed the money for. This would sop up almost 300 million excess shares. that combined with the 250 million shares shorted would finally get this stock in the 30's where it belongs. Too bad the BOD and CEO are so #$%$ stupid they can't figure this out. In the mean time we are paying interest on the bonds for the buy back and paying dividends on the stock we haven't bought back yet.
Didn't we just go thru this BS a few years ago with AMD? Seems they just repackaged the same old losing arguemnts and are hoping for something to work. They really should look up the deffination of insanity, ie doing the same thing over and over and expecting a different outcome.
Wally I share your sentiment and believe something big wil be announced. During the last fiasco a few weeks ago Malloy said that something big would be announced shortly.
Anybody have any idea what the big announcement INTC is going ti have shortly? Malloy said INTC had a big announcement coming when he pu pued the last attack on INTC a few weeks ago.
Wally - you may be right about not affecting the earnings, but the big boys who are short just shot the momentum in the head. Just like last qtr. we were over 23/share after hours and the Paul opened his mouth and we went to 21 and never recovered. You knew this was coming when someone bought a huge amount of puts yestrday. they had access to this information and made sure to capitalize on it. They used to call this insider trading, but the SEC ignores it because they would have to work to stop it. Very sad when 1.5mm shares can negate a whole days gain with 65mm shares.