Intel: Should You Be a Bull or a Bear on the Stock?

Beyond the guidance, there's that whole issue with the McAfee, Inc. (MFE) deal. Many in the market are shaking their heads at this particular concept. Peter Cohan recently wrote an excellent piece detailing the negative potential of the move.

With about ten minutes to go before the end of Friday's regular session, the shares are up over 1%, coming in at a quote of $18.41. It's been a crazy day. MarketWatch said that a few transactions involving Intel had to be canceled following a halt in the stock's trading activities.

I was positive on the company last month after second-quarter results were reported. Looking at everything that has happened since then, I will say that anyone who owns the tech entity will see their patience tested. Honestly, though, I don't believe Intel will be disappearing anytime soon. As much as I am wary of the McAfee logic, I think those interested in the stock should put it on a watch list and consider the pullback. I can't obviously guarantee the pullback is over; in fact, I'm leaning towards the idea that a new 52-week low will be made at some point (translation: be ready to dollar-cost-average if necessary). Intel is a powerful name in its industry, and it should eventually bounce back. Nevertheless, the risk with the situation has increased.

Disclosure: I don't own any company mentioned; positions can change without notice.