Intel Corp (INTC)

[jhalada]

wbmw,

It's more than I expected in such a short amount of time. I have a feeling that the Street is feeling similarly, which is why I'm backing out. If the stock goes back up a few bucks I might re-enter.

I would not be surprised to see the stock go to 30 and back. BTW, after selling my INTC calls, I bought some puts this morning, since I expect another visit to the lows. Longer term, I am bullish on INTC though.

And FWIW, I think you and others are seriously undercalling Intel.

The contest is all inclusive, meaning, including one time charges. I guess that's the expectations of people with negative entries.

There has been very little info on the restructuring. I think I heard that something may be announced today (on 15th) but there was nothing so far. Possibly after the market closes. That could be bullish if it is extensive, bearish if it looks to be only cosmetic.

Joe