Trading Intel At $20

Wednesday, 16 Jan 2008 | 6:24 PM ET

Intel took it on the chin Wednesday after lackluster Q4 earnings.

Is it time to throw in the towel, or take a second look?

It’s been a hard ride for Intel says Guy Adami on CNBC’s “Closing Bell,” no doubt about that. The stock has been down 29% since December 4th but gross margins were north of 58% and better than the Street is looking for. I think things are fine at Intel and at $20 it’s cheap.

Fast Money Final Call
Intel might be down today, but you might want to take another look at tech stocks, with Fast Money's Guy Adami.

How about gold?

I’m cautious, replies Adami. I understand the arguments in favor of gold. But gold isn’t truly a commodity is the same way as natural gas or oil. There’s no real use for gold – it’s driven by speculators.

I would say 90% of investors currently in gold have experienced the way it goes down, he adds. It does so in a precipitous way. This trade never ends well, for gold bulls.

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Trader disclosure: On Jan 16, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO); Najarian Owns (C), (CSCO), (BIIB), (FRE),(MCD), (TIBX); Najarian Owns (AAPL) Options, (YHOO) Options, (WM) Options; Finerman's Firm And Finerman Own (CROX); Finerman Owns (GS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Owns (MS) Options; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Is Short (IJR), (IYR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts

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