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.

 

i think INTC has bounced back fromn 23.80 support level and as earning , season time christmas i think intc should do good

 

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]

 

tasr Long around 6 for 8 Bucks
recommeded Long

 

Intc is at 22.96 after hours after it released its earning
Should it be a good buy - ?

 

===============
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.

 

in in at 23.46

 

INTC is a fantastic buy at this level