Long Intc....looking For Ideas

[mschey]

Thanks for the response...we'll have to see tomorrow how things play out!

 

[volente_00]

I need a number before I can advise a game plan .


What is the cost basis ?

 

[volente_00]

Quote from riskarb:

I think you need to look at every position as though you have no position -- would an INTC CC play be worthwile tomorrow morning when contrast against a hundred other techs with better prospects and higher vols?

A CC or short put on INTC would be the last trade I would make tomorrow.

I agree

 

[pinabetal]

Do what you like but I say it will head back up tommorrow and make a higher high.

 

[mschey]

Cost basis is yesterdays close.

 

[murray t turtle]

Quote from mschey:

Hi,


I didn't exit out of INTC at the close, I simply "forgot" about it and walked out of the office!


Looking for ideas on what I can do to handle it. The obvious is to exit the position tomorrow, perhaps trade it some, though nasdaq is not my forte'. So fellow ET'rs.....what say you!

I am long 2700,

==========
Looks like most of damage has been done now,and
not a prediction, but looks like premarket buying.

INTC does usually get some good buying around 52 week lows;
better close a position late than never.

 

[Free Thinker]

Quote from pinabetal:

Do what you like but I say it will head back up tommorrow and make a higher high.

how much do you want to bet?

 

[dont]

Definition of a long term hold. A bad trade.

Close the thing out and move on.

 

[TrueRange]

Im long here pre mkt at 23.05...not that what I think matters. will stop out at 22.55

 

[mschey]

Thought I'd post an update. I exited 1700 shares at a loss. I am going to trade the last 1000 over the course of the next few months. The market has been fairly strong and my guess is that I will be able to make at least 60% of my losses back over the next two months.

Thanks for your advice...good trading to all!