Intel Heading Back to Teens After Dead Cat Bounce
And look, Mother, no hands and no numbers either. Because you do not need numbers to tell Intel's story. Sometimes they get in the way.
Now more than ever, you have to be careful betting against what the market gives you, even if you think it's inane.
Consider Apple (AAPL) . We can talk about how great Apple is all day, but, in this moment, it's a crappy long-term play -- for most investors -- even if it starts going up a bit more consistently. If it was my money, I would look elsewhere. Save yourself the anxiety.
While the circumstances might not be the same, the end result is with Intel. Don't just look elsewhere. Keep the bleep away. This thing is headed back to the teens.
On Dec. 5, I published Sell Intel Now: It's In The Teens. Of course, the stock, as of yesterday's close, returned about 14.3% from that point.
I got ripped by a few cats on Twitter for that seemingly "bad" call. That's fine with me. I don't write these articles for traders. And I sure as heck don't write them for people who refuse to take the time to consider what I actually said:
Run away from INTC. The teens are here -- and with the exception of a dead cat bounce on some hollow whiff of optimism -- they're not going away anytime soon.
... with the exception of a dead cat bounce on some hollow whiff of optimism. Not sure where I went wrong.