Richard,
I just posted this on the Intel thread.
As I stated, I have been buying short term Intel Calls this morning based on the conflict, as explained in this post, and on the fact that we have reached Jack's first support point of 72-73.
Regards,
Jules
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Paul,
Yesterday, INTC dropped 5+ points, attributed partially to Drew Peck's, of Cowen and Co. remarks that Intel could be adversely impacted by shortages in parts from Taiwan. In other words, Drew's fears were that Intel would not be able to meet demand, due to a shortage in supply, at a time of strong PC demand.
Today, INTC is down another 4 1/2 points, attributed to Dan Niles, of RSBB, reporting a shortfall in demand of some 2M units, because of debookings. In other words not enough demand to meet supply.
DOES ANYONE ELSE SEE AN INCONGRUETY HERE?
If Dan is right, than Drew should have no concerns. If Drew is right, than Dan should have no concerns. But they both can not be right at the same time, and INTC shouldn't be selling off both days for these conflicting reasons. Consequently, I am buying Calls this morning based on these conflicting and irrational perceptions.
Regards,
Jules
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