Tuesday, July 13, 2010
Shorting the Excitement
There is a lot of excitement over Alcoa earnings and the anticipation of blockbuster Intel earnings. Fast Money analysts all were bullish on Intel ahead of their earnings announcement. I believe it will be a sell the news reaction tomorrow. I am shorting here and will hold till we get lower prices.
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3 comments:
I can go for a sell the news event.
If Intel beats and solidly raises I dont think there will be a selloff.
I think there needs to be a disappointment. Like if they only raise to where analysts are.
That said, I think there is a chance of some sort of disappointment.
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