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. Some folks make nice livings trading dead cat bounces and all sorts of market moves. I'll be on CNBC's "Fast Money" next Tuesday; the daily panel on that show -- they can trade! Like my buddy and TheStreet Real Money Pro contributor Robert Weinstein, this small subsection of stock market society can move in and out -- long and short -- nimbly. Most folks simply cannot do that; therefore, if you tap into one too many dead cat bounces, you're bound to get burned. Brag about making 14% on INTC, but, yeah, you're not telling anybody about all of the losses you racked up mistiming other dogs and so-called "value stocks." Intel is a soon-to-be-sheared sheep in Research in Motion (RIMM) clothing. As it was obvious that RIM was dying, a few dozen tortured bulls touted "security" as the company's savior. There was no way the enterprise would flee to iOS and Android because (A) they're not as "secure" as Blackberry and (B) BYOD (bring your own device) would not fly with IT departments. IT departments don't make real decisions; consumers and visionaries do.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV