D.Swiss, <<<As far as his call on INTC, I spoke to Intel IR today, they said they do not know where Aschmuck is coming from.>>>
I have been an investor in Intel since even before Kumar was employed there. It's been a bumpy ride - although quite profitable. I have been able to hold on.
When I heard Kumar's call before the bell on CNBC monday morning, I bought just out of the money Puts at the open to hedge against my Intel investments. I sold 30% of my (now in the money) Puts yesterday and another 30% today. I will most likely try to sell the rest of the Puts (while they are still in the money) by tomorrow.
In any case, I will have made some money, and was able to sleep comfortably the last 3 nights.
Whatever you may think of Kumar, you have to tip your hat to him. People are listening to what he has to say. This was one gutsy call on his part.
I hope he is wrong, but I am prepared to buy some additional puts as soon as I smell something new is wrong with Intel even though I think Intel fundamentals can't be any better. I am holding on to the shares for the long term.
However, in the short term, INTC share could be quite choppy, especially in light of Intel management's tendancy to let the chips fall (so to speak) where they may. Intel managment in all other respects are control freaks, but when it comes to analysts, they don't seem to be able to maintain any control.
Drew Peck, I believe, is out to prove his negative views toward Intel any way he can. I don't quite understand the reasoning behind it. Just look out for him to add some negative views regardless how the quarter turns out for Intel.
Intel will report earnings this quarter within a penny or two plus or minus from consensus, but all analysts will claim victory. It is going to be viscious and the stock will be volatile.
DELL, I am afraid, will get caught up in the cross fire and regardless what they report, they are going to get hammered by the analyst community.
That is the way the ball is going to bounce. It's not going to be easy, but I am going to stay the course.
Mary |
