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Intel Inside

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Fare ye well!

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Intel (INTC:NASD) reports a couple of pennies better and beats revenues by 90 beans. Phoebe was right--it was better than expected--so the question is now one of expectations. I couldn't find one trader who didn't already know that this would be a solid quarter.

The bull case is good looking charts and the "climb aboard" thesis (panic phase). The (initial) bear case is pin risk to 30, a marginally disappointing narrowing of the capital expenditure forecast (they shaved a bit more off the top end) and the "sell the news" crowd.

My initial reaction was that it "wasn't enough" (on a trading basis relative to expectations) but there is clearly something for everyone. One thing for sure--the gorillas in the midst (who know that EVERYONE is keying on Intel) will do everything they can to keep a bid in the stock. That's the way they play this game.

I'm jammin' and jugglin' so lemme take this opportunity to wish everyone a peaceful evening. In this business, we all kill ourselves to make cake and wear our performance like a badge of honor. Just remember-- the definition of a good man (or woman) is never measured by the size of one's wallet. The truest profit lies within.

See you in the ayem, grasshopper.
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