Geeze, they had that last year. All that's going to happen is we'll have a smaller loss this year. That huge short increase better hope the voodoo they're spewing can find a lot more fools to sell. If not, the shorts are toast. Come on short squeeze.
If you can figure it out, let me know. Every time I think I have a handle on it, they throw me another curve ball.
My belief is both. The short was in before Stacy made his comment and the call contracts forced the price down.
INTC at #2 shorted. Thanks Stacy Rasgon @ Bernstein
A 49% surge in short interest lifted Intel Corp. (NASDAQ: INTC) to second place on the list. Some 204.40 million shares were short at the end of the period. That totaled 4.3% of the company’s float, and it was the greatest number of shares short since March. The days to cover rose to about six. UBS expected Intel to benefit from reduced volatility, and short sellers watched the share price rise almost 9% in the two-week period. Shares ended Tuesday at $33.31, in a 52-week range of $23.40 to $35.56, and up more than 28% year-to-date.
Read more: Intel and Comcast Rise in Most-Heavily Shorted Nasdaq Stocks (NASDAQ: INTC) (NASDAQ: CMCSA) - 24/7 Wall St. http://247wallst.com/investing/2014/11/12/the-5-most-heavily-shorted-nasdaq-stocks/#ixzz3IroqAKim
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All it will take is a majority in congress and they can defund it. As for the senate, Harry reduced the 2/3 to a simple majority.
Actually I do. Harry changed the rule to a simple majority for the important stuff. This is going to bite the dems where the sun doesn't shine for the next 2 years. Harry will be completely powerless in Jan, kinda like Nancy in congress. That's why Harry should never have changed the senate rules!
It's VooDo. They scare people into parting with their shares so their clients can cover their short positions and go long for the ride up!
Could be one very good reason. Could also be for the M core release and x-mas build. Last I heard, no one wants to wait until after x-mas to get their computer.
Looks like the downgrade had a lot to do with it. The deep in the money calls didn't attract attention. Even Fast Money Jon didn't see it or report it as unusual options activity.
When you want to steal money, take the word of a 500 million company as gospel and a 50 billion dollar company that guides higher 2 weeks ago as BS. After all the fools dump their shares, buy them all, cover your short position and say it was a mistake to extrapolate INTC sales by their warning. So far they seem to have gained over 7 billion and counting. God, you gotta love the fools who don't realize a "fool and their money are soon parted"
Yes they did sell 39 million iPhones. What no one addressed was Verizon, AT&T, Sprint and T Mobil all are giving away iPhone 6's with an old iPhone trade. It's always been 299 or more with a 2 year contract. Either they're stuffing the channel or they are doing everything they can to prevent defection to android with the new stuff coming out.
That's why the correction is so severe. They have been trying to get stock prices down for the last year without success. With the good data coming out, this is the last chance for the big boys who shorted and were on the side lines to get in at a good price.
Must be the shareholders didn't get the memo. CSCO,HPQ,MU,TSM,ARMH,TXN,AMAT,ALTR, etc are all up today while INTC is down. What they all have in common for the stocks that are up is they aren't in the DOW 30. Maybe BK should get us out of the DOW 30 and we could trade on our merit instead od on hedge fund and big money managers whims.