Despite the flatline, the day belonged to the bulls, as six days of an up tape could have been an excuse to sell 'em.
Is Intel a Sell?
After its great margin report, should you sell it or even short it?
The question at hand is whether INTC is a sale/short after the great profit margin print last night.
Stated simply, Intel's price action is unimpressive.
The 30-year bond auction was a successful one, with a strong bid-to-cover ratio.
Participation of indirect bidders was high, and the yield was at the lowest level in over a year.
A package of C, MTG, PMI and RDN could double over the next 12 months.
long INTC
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