I thought Intel would be a good play for earnings. I was wrong. The reason for the after hours tumbel is a low gross profit margin number. Earnings for the entire market have been good but the stocks have been falling.
Now to an Intel Strategy, I see two good options.
1.Sell Intel tommorow morning at the open, cut your losses and move on to the next pick.
2. Intel falls big tommorow, 5%. Then wait until thursday for a rebound probably 2 or 3 %, in a month the stock should be trading alot higher maybe near 30 bucks up 15% from where it is at after hours.
There is a highly unlikly 3rd scenario which is the stock opens higher due to afterhours not meaning crap, which does sometimes happen. If that happens then sell at the open
As for a wednesday earnings play, there isn't one. I want to look at how companys report on wednesday then I hope to have one on thursday. I'm doing this beacause KO and INTC should both have been up.
This market is worring me so here is what I think for tommorrow.Overall wednesday I think the DOW closes 170 points down, but I could be 100% wrong and the DOW be 100 points up.
Johnnyrock I hope this helps.
