plays catch-up. Whenever an analyst on the fence makes a declaration -- in this case
Credit Suisse First Boston
coming out positively about the chipmaker -- the stock gets pizazz. In this new, antiliquidity world, it means that a three-point move turns into a six-point one.
This trading action in Intel is everything I have been talking about writ large. This stock is trading like a
, not Intel.
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Last time Intel got here, I made my fated Intel-goes-to-100 call on our TV
show. It then promptly took a nasty spin to below 70 and I had to eat crow and more Intel.
Hmmm, now I know the secret to eating crow: it tastes terrible going down but months later you recall it as a fine repast!
Where's that Intel crow recipe? I need it -- badly.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AOL, Intel, Akamai and Yahoo!. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at