EXPECT SHAMELESS PIMPING BY ANALYSTS TOMORROW AS THEY TRY TO EXIT THEIR INTC POSITIONS ALIVE.
> Every indexer or closet indexer is up to his neck in Intel and dare not get out.
Which is why the term "whisper number" was never uttered on CNBC yesterday after intel released the numbers. As in "intel not only missed the estimate, they totally missed the whisper number"
Every single analyst/broker/pimp who appeared on CNBC was smiling and saying Intel was the greatest thing since sliced bread. Thestreet.com is GUSHING about intel, all over the front page in bold letters. All the articles basically say the same thing:
"Well, we didnt really predict this, but we figured it was possible, and actually, we think it is a good thing! Because, well, what are a few silly little cents between friends, really? Who can understand all that technology and finance mumbo jumbo anyway?"
(hey vinnie! 50,000 at the market, dump it now!!)
"Yes. Keep buying INTC. We still rate it as a super strong buy."
(i dont care! just get rid of it!)
"We'd recommend that widows and orphans buy it. Heck, I'd recommend it to my own mother."
(I dont know, buy a few thousand shares on instinet and try to convince the retail investors that the stock is actually going up tomorrow, do whatever it takes!)
What do they all have in common? They all got caught by surprise, but they own so much INTC that they'll be crushed if INTC declines like compaq did when it announced it would miss the numbers.
Expect nothing but shameless pimping tomorrow, as all the big brokerages and funds try and dump shares into the market.
The days of 800 dollar mainstream CPUs are over, along with the obscene profit margins that drove Intel to these lofty market cap heights.
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