It was a pretty easy signal to short Intel on a Thursday evening at around 9:47pm. The stock was weak as the hidden sellers were shorting heavily while the buyers retreated and gave way. After the US market closed, the earnings report kicked in where Intel's earnings were ok but the future outlook looked bleak which sent the stock tumbling down 10%! See all the news below.
https://www.marketwatch.com/story/intels-stock-plunging-toward-biggest-one-day-drop-in-11-years-2019-04-26?
https://seekingalpha.com/news/3454924-sell-side-shakes-intel-print-looks-h2
https://www.investing.com/news/stock-market-news/intel-forecasts-weak-second-quarter-cuts-fullyear-outlook-1846653
These news were all after the earnings report but the short selling was done on a Thursday before the earnings. To short before earnings is risky but if you know how to read BBs movements on simple charts and can study the big boys' volume activities, one is able to predict it's earnings and direction before the actual release of the report. That's what me and one of my student did. I was scanning stocks to short where I Whatsapp to my friend while my student shorted Intel where he made $6000 today using the skillset I taught him.
Intel, a stock which is ripe for sellers to take control started to show signs of weakness. At the peak, it gap up with exhaustion and then GAP down with sellers because there was a lot of unloading and profit taking at the top. It's a good feeling to be able to make prescient forward predictions but it's a better feeling to share my observation and knowledge to those who came for my talk in Malaysia today.
Intel Corp on Thursday cut its full-year revenue forecast and missed analysts' estimates for first-quarter sales for the data center business that has driven growth as PC sales declined in recent years, sending its shares down as much as 7.5%
Ronald K - A Game Changer
