Replies to post #32370 on Intel Corp (INTC)

[mmoy]

It's risky. The chart pattern shows a breakout at the moment
on good volume and there might be followthrough. I think that
things will be more interesting later this afternoon. If AMD
gives back a good chunk of today's gain, then there would be
less risk.

There should be substantial resistance around $26. If it gets
through there, then $30 is probably tops. If it fails $26, well,
the risk/return gets a lot better.

I'm still in cash earning almost 5%.

Market is too jittery for me this summer.

[ChipGeek]

Now that April options have started trading, I've got my finger on the AMD put trigger ready to pull. I don't want anything that expires before January, and the Jan08 options are overkill, so I'm glad to see the April options available.

IMO January is the key month, and the Q4 earnings results should fully reflect the rapid 6-month Conroe ramp (negatively, of course). I think there might still be some market momentum reflected in the Q3 results.

If the price doesn't get above $26 before Q4, I'll probably wait until after the earnings announcement, and see if I can get some July puts. But if there's another positive announcement of some kind that pushes the stock even higher, I'll probably go for it sooner rather than later...