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Can we make it like the jellybean contest? My entry: 5200 DPW
Although many on this board have an unfair advantage in the contest.
Checkout Clearwire in after hours market, looks like the WIMax deal is a reality:
http://www.marketwatch.com/news/story/sprint-clearwire-set-announce-12/story.aspx?guid=%7B5DA8450C%2D557F%2D4C6B%2DAA7C%2D40E742DAEA0C%7D&siteid=yhoof
re: Of course I almost had one last year with INTC. But it got away .....
reminiscent of the infamous 'pine tar' incident.
Just got whipsawed...I covered my short position this morning at 23.62 thinking we were heading higher today. Appears I may have covered at today's high.
I second that sentiment...I see a long slow battle to 30 that won't occur to Q2-Q3'09 timeframe and even that will require macro economic help. Having said that, my strategy is to also try to grind out additional profits on the pullbacks that will continue to occur during the battle.
Visibility is cloudy....wait...mine says 'All signs point to yes' :>
Sold 1000 shares at 23.20 and shorted them back at 23.25. Are we going higher from here or back the other way?
APPL aquisition of PA semi...is it possible the analysts are missing something here? It seems to me that if we accept that APPL may be aquiring PA semi to gain more control over the mPU designs that are to be used in future versions of iPhone and perhaps MIDs (that APPL may introduce), then they would only do this if they envision a threat from other entrants into this space. To me this bodes well for INTC not the other way around as some on the street have been saying. The threat from other entrants into the MID and smart phone space legitmizes the idea that this market will indeed expand significantly and that Intel will be supplying a large percentage of it with Atom albeit in a variety of designs from a variety of OEMs. APPL's desire to differentiate themselves with a custom mPU solution looks to me like they expect the competition to be fierce in this space with Intel being the general supplier for ALL of their competitors. Thoughts?
re: strong floor...
I see the strong floor set a bit higher. I do not see the stock trading for less than $20 over the next 6 months without a major market move downward like over 500pts on the DOW (due to macro economic issues, i.e. more serious negative growth figures than expected etc). And even if that comes to pass I see $18 as the lowest we would possible see over the next year.
re: I don't need the money nor the taxes that would get triggered on an exercise.
This was my exact thinking that led me to accumulate many shares of INTC (many with a cost basis of around $2.50). Unfortunately greed led me to hold a lot of these shares for the entire ride from $70 to where we are today. If I knew then what I know now about markets, I would be significanly better off financially.
Finally got my 22.50 on that lot I bought last week. Made about $1.30/share on that lot.
In the words of Michael Douglas: 'Greed is good'.
no play-by-play?
How is the CC going? Things must be pretty tame since no one is posting any amusing anecdotes.
Now that Q1 earnings have come in, I have moved up my trading range for the next few months at between $20-$24/share. I believe in this current bear market climate that we can retest $20/share price on bad macro news but that we can also touch $24/share on positive macro spin. I will continue my strategy of buying shares as the price approaches 20-21 and then sell and short as the price approaches 23-24.
I am still holding the lot that I bought at 21.21 hoping to sell at around 22.50. I don't trade in the after hours market (maybe I should learn how), so I didn't hit this sell price like Sarmad did. But I'm still hoping to see it soon.
I resemble that remark! As the majority stockholder of ONEV (bought the majority interest in the company a few weeks ago for $300) I see nothing but blue skies ahead. But maybe I should I keep my day job, ya think?
greed is a terrible thing...lost all the gains on this last batch of INTC by holding out for 22.50. Down almost a buck I am now losers on this trade.
lol...I have been on a roll lately, but still humbled by the market turmoil since Jan 1st. Also I am still holding the lot a picked up this week at 21.21 in the hopes of reaching 21.50 prior to the CC. Am I being greedy on that one or will the upgrade take us to 22.50?
ahhh but it was Jeremiah who replied 'seems like far' to that question from Will Greer (aka Bear Claw), as he sat exhausted from the non-stop pace he was enduring just to stay alive!
Bought some INTC at $21.21. Looking for a rise back to around $22 sometime prior to the CC.
Saturn/Sarmad...the direction that this tug-of-war will go in the near term will be answered by which way the wall street manipulated 'media machine' starts flooding the media with either positive or negative sentiment wrt to INTC. If we continue to see positive articles on Atom, SSHD and market share gains etc. then the trend will be up and take us beyond $22 to the $21-$24 trading range. If the articles turn negative after the CC then we will remain in the $19-$22 trading range for the near term (3-6 months).
Okay suissac you convinced me. I bought 30,000 shares based on your post so you better be right!
P.S. Okay, total cost of those shares was $300 so I guess you're off the hook.
I mean spin in the sense that the media machine begins to kick out a plethora of articles that reiterate the same positive (or negative) message. The articles and analysts don't say anything new, they just parrot the same sentiment over and over which I believe helps create a floor or a ceiling over the stock price. Remember the time period following AMD's competitive Opteron product. We had to read articles for years after that (there are still some) reminding us that 'Intel once had the performance crown but has lost it to it's smaller rival'. Those articles (which I label as negative spin) continued for years even after CD2 was ramped.
I sense an inflection point in the making...the level of positive spin has been increasing concerning INTC in both the media and analyst communities. If we continue to experience positive spin during Shanghai IDF and after the Q1 CC then we will know that wall street has the shares they need and are ready to take this stock higher. If we get more skepticism and negative press about Atom and the Q1 margins etc. then all bets are off and we will know that wall street still intends to use the stock as a trading vehicle and more volatility in the stock price will be the result. The next two weeks are key IMO as to how INTC will move over the next few months.
Sold that long position on INTC at 21.99 that I bought at 21.21 last week. Will look to short back the other way again around 22.50 if we get there soon.
re: playing the armchair expert....
Who would have thought that all you need to be a product planner at Intel was a few spare hours of your time and some IT experience? Why bother with studying the underlying historical data with the price elasticty analysis along with fab capacity projections and market demand trends etc?
This is what erks me about this on-going argument from mas, it discounts the analysis and hard work of the people that do this for a living. The 'armchair football coach' is great analogy, how many times have you heard someone say 'why didn't the coach call more pass plays instead of running the ball so much?'. That kind of observation is worthless in my opinion.
point taken <eom>
I've made some of my poorest 'panic' trades in response to vibes from message boards (and pundits). I have vowed to not do that anymore.
Buying some INTC at the open tomorrow. Looking for a small rally in the stock since the downward action today was a planned manipulation by the market makers, IMO. They searched for some reason to bring it down so they can take it back up later this week. They lucked out and found this unrelated piece of misinformation (reminds of the days when INTC used to move up and down in lock step with the AMAT and KLA-Tencor):
NEW YORK (AP) -- Shares of Intel Corp. declined on Thursday and helped send the Dow Jones industrial average to a lower finish, after Oracle Corp. reported disappointing third-quarter results and dragged tech stocks downward.
What's up with CLWR? I had a stop loss at 9.95 (I'm thankful the market makers didn't take me out). The stock is up more than $5 since I set that stop a week or so ago. Somebody knows something.
I think it's due to the fact that INTC is so widely held and heavily traded that it can ONLY move in 'fits and starts' (the perfect channeling stock as you had found during last year). I am really taking a page from your book except in addition to trying to buy low in the channel and selling higher in the channel, I am also shorting higher in the channel and trying to cover low in the channel. The other difference is I have chosen this lower range channel to work in whereas you are waiting to work in a higher range.
I believe INTC will never be a stock that moves quickly toward it's true valuation there are just to many people trading it. By the same token it shouldn't move quickly to a low valuation either but that was disproved in January so the rule may be it will never go up in a hurry but can certainly come down in one.
I covered my short sale today at 21.35 for a 98 cent profit/share. Will look to buy shares if price retreats below $21.
Shorted at $22.35 hoping to cover at $22.87 or take profit at $21.75 if it comes to that.
I've been watching Clearwire's stock slide downward the last couple of weeks and have been wondering what was up. I am now assuming that 'some people' became aware of the auction results before 'some other people' and have been selling off CLWR.
Encouraging chatter on netbooks. Reading the comments at the end of the story, you can see the beginnings of 'real' people planning their purchases of this new family of devices. I like the sound of it!
http://www.dailytech.com/article.aspx?newsid=11162
I am working on covering the short position I took earlier. The dividend increase and general market upturn (though it will be brief IMO), should propel INTC above $22. I will look to short again around $22.50 if we get there over the next several days.
Just shorted at $21.54. Hoping to have to cover at $22 but will take a profit at $20.60 if it goes that way.
Sold some INTC shares at $21.50 which will lock-in a $2.50/share profit on my $19 stock option excercise in April. Should have excercised this option last year for considerably more profit but I will try to be satisfied with this for now. Looking to short again somewhere here between $21.50 and 21.75. I will continue to view all upside action in equities as a head fake until this shorting strategy fails on me.
re: But it's not a bad idea for those people who positively have to shoot something to have a good self-esteem.
This notion of hunters as 'people of low self-esteem' just infuriates me. People that believe that are believers in the lies that Hollywood has been selling for years that depicts drunken hunters shooting Bambi or each other in an attempt to just kill something for the fun of it. The truth is that the vast majority of hunters hunt because they 'love' nature and have a desire to 'connect' with the act of taking from nature what nature provides for our sustenance. Yes I said 'love' of nature! The act of hunting (following the laws of the land), taking the life of an animal, preparing the animal properly and consuming the animal for our own food is an act of love.
For all those that are vegetarians and do not believe in eating meat of any kind then I have no argument and while I don't agree, I can at least understand their position on taking the life of an animal. But to all those that hire a butcher (or go to McDonalds) to insulate them from the act of killing and preparing an animal for food, to them I cry 'hipocrisy'! You can bet that as we speak, there are plenty of the Hollywood set eating ribeye steaks and buffalo meat at Spago's as they pitch their next script that shows the 'big bad' hunter shooting himself in the foot while stalking poor little Bambi.
Sold some shares at $20.75 (a little early it appears) for a gain of 1.15/share. Now looking to short somewhere around $21.40. Again I will hoping that I have to cover around $22.
Just got my connection back today since the modem was out when I arrived on Monday. They work at a bit slower pace here in Hawaii, it took 3 days to get someone out here to fix my connection, sheesh. Another Mai Tai should take the edge off.
So can we scream 'IA design win' yet? Or is more corroboration needed?
Kauai for two weeks! Our condo is on the south side at Poipu beach (paid for with Intel stock many years ago). Thanks Intel!