In this space a few months ago you read some bullish pitches for Intel Corp (INTC.) I stated that even if the corp didn't have any earnings increases for 5 years, it was fairly priced for that scenario, and paying a decent dividend. I stated my thesis that I felt that scenario was too pessimistic and that it was in my opinion at least 15% undervalued.
Since then it's put out 2 quarterly beats of analysts' earnings expectations and the stock is up 34% from my 19.76 entry point.
Most of you can do math, and you understand that if I think a stock is 15% underpriced and then it goes up 34%, the situation has changed. But for those of you who don't, I wanted to update you that I no longer have a strong conviction either way about Intel at this price. I am holding my stake because I haven't particularly found a better place to put it, but if the only reason you bought it at 19.76 was because I told you to, then I'm telling you to sell it now.