Shorting $INTC and $ATPG - too much affection for these stocks

We're seeing very high levels of affection for ATPG (Oil and Gas deep water drilling) and Intel INTC (especially Intel chip's potential to be used in tablet computers).  While affection often keeps rallies moving, there is also a lack of negativity in these stocks which indicates they are vulnerable for a short-term pullback, since investors are only seeing the positive.  INTC has already been beaten down a bit in the past year, so its pullback may be kless dramatic than ATPG.

The rollover in metals will likely continue through mid-day.  Interesting that the futures were up initially overnight on (perhaps) Asian buying, but then were crushed by U.S. investors selling after the NY open.  In general we're seeing a swift and fast rotation out of precious metals for a few months (at least).