Intc

I'd like to be a contrairian here as far as INTC is concerned. I'd like to buy when everyone is selling. So long as I'm planning and allocating my buying power for shares to come, I'm not worried. I added 2000 shares today at 23.88, and sold 20 Oct 22.50 calls for 1.70. I now have 14500. Let them call my shares... I now I"ll pocket a decent premium.
 
did it's chart
Looks Ok at 23.5 area for 25.20 around friday

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=857852> [/B][/QUOTE]


:D
 

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Traders:

I just pulled up an INTC chart and I see nothing from a technical standpoint that even remotely shows a long. This stock is a classic short and has been for some time. It's breaking new pivot lows and recently took out the 200-day ma, with no real support until 21.80.

One thing I learned, and most of it came during the downdrafts from 2000-2003 is *never* to keep buying on the way down. It may of course bounce off 21.80 for a new uptrend but look at all the heat tou're taking in the meantime. And then what if it doesn't? 19.45 is a long way off with 12 1/2 grand of shares.

Wow. Good luck to you, doctor, I hope it turns for your sake.
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TA;
Agree with much of what you say.

However while OCT can be tuff of teks on long side,and INTC is in a 2 year downtrend, semisector = 2yr downtrend.

INTC is in a 3 year uptrend;
semisector is in a 3 year uptrend

INTC =1 yr uptrend;
semisector= 1yr uptrend

INTC=7day uptrend;
semisector= 7 day uptrend

And while DALR is still in a fierce downtrend;
looks like that angelfire-Kalzayni chart posted is also on schedule,
as far as probabilities , of a Christmas rally also.

:cool:
 
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