The reality is that the end markets are not good; it looks like Intel is starting to accept reality, ... And I would expect more bad news to follow.

What's the point of shorting it, just because it's expensive?

Shorting, ... is a very easy way to have your lungs ripped out in a very short space of time.

Shorting is very time intensive and it's very hard to do at home, ... That's not because you have to be smart, but because you have to have a lot of time devoted to it.

The rationale that people have used for being bullish is extremely predictable, ... They can't say stocks are cheap. They can't say business is great. So they have to go on about stuff like relative strength and stocks making an upside-down.

When they started out I said, 'No way can a coffee shop owner keep its margins up there.' But it's not true. The management team's done a fantastic job of running that company.