As per our earlier post, we are short on INTC from $21.85. Take partial profits right here at $21.36 and take more profits if the stock goes lower. Tighten the stop. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY
In response to questions, if INTC spikes up , we will consider short selling as the stock approaches $22 and stop over $23. Of course these are the levels for a perfect trade, which is not likely. We will consider shorting at lower levels depending on details of the earnings,
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