You know that's pretty much the same thing as long stock. I disagree with you. You will buy the stock only if it goes below 17.5 and you will be on the sidelines between 17.5 and 22.5 and gain a lot over 22.5 without paying anything out of your pocket.
Chagi, This chart attempts to show what I call "walking the Trendline". Basically it allows a trader to see the "curve". INTC may still go down. I now consider INTC to have gone into a Range condition....with the last 2 days Breaking Out below the Range. Also....until the Blue "dot" disappears or stops....I would not go long. I do think it is close to turning up though....but not sure when. Intel is too strong a company. When the Big money decides to take it up....then it will go. VSTscalper
Chagi, Here is another chart....with an indicator that I call a Pressure Gage....gives me an indication of Buy_Sell pressure....maybe tomorrow it will change....need the Red dots to start turning Green....and of course....break the Walking Trendline on the other chart. VSTscalper
The term is actually long semi stock, your right on your calculations, but you can see where except for 17.5 and 22.5 it functions like stock. Essentially stock with intermission.
Thanks for posting these charts VSTscalper, that concept of breaking down the channel into smaller channels is interesting.
well im screwed.......had offers in on intc at 37's, 38's, 39's and 40's......our system crashed so i couldnt cancel them....now its at 47's........and i cant do anything........ooouuuuuucccccchhhhhh!!!....please tank s&p....oh god please tank!
========= True; has been lower most of year to date, as SMH has also. . INTC Did real well uptrending in 4th quarter; tek usually does then.