$INTC (INTEL) IS SELL THE NEWS STORY
INTEL reports earnings next week. Commentary from the Wall Street is almost universally positive. In the middle of this bullishness, our screens, especially fund flows, show that the smart money is selling into strength. If the earnings are good, the probability is that the good earnings are the result of replenishing inventory and building additional inventory ahead of Windows 7 launch and the holiday season. If the earnings are not good in this boom inventory build up time, it is a indication of slowing demand compared to anticipation. It appears the profitable trade will be on the short side if