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Bought back the 150 Jan 25 calls at 1.30. I sold them initially at 1.75. Now, I'm holding 20k shares without any calls. My strategy is hold and accumulate the downside to a postion of 50k.
Ladies and Gentlemen, we have experienced an extremely oversold INTC on the daily today. As a result, I have revised my shorterm support to 25.50. If that level is breached, then 24.75 is imminent. I'll look forward to dollar cost averaging. This is the perfect set up that Id' like to see in a stock whose fundamentals are superb. Moreover, I love it when a stock trends down before it's !st Quarter earnings which is due on Jan 17.
Ideally speaking, we should test 25.30. The stock has been hovering around the 25.90 weak support for too long. Anyways, I picked up 15000 shares for a scalp at 25.82
There we go again, INTC is toying with the 25.90 again... Everything is pointing to a test of 25.30, and perhaps lower. However, the good news is: If AMD has the audacity to trade above 30, INTC will follow.
INTC
Linear Mode
