Tuesday, October 12, 2010

Account Update INTC Trade

Currently net down $110 in stock and net up $302 in my option positions. My ideal situation for the account currently would be a sell off in the next few days. I am predicting a pull back to potential profit on, then get on the train higher.

INTC is coming out with earnings today, and from recent history it has done well. It is a strong company, and I predict we could see its share price rise after hours today. At the first sign of poor price action, I'm out. As INTC moves the NASDAQ quite a large amount, if earnings are bad, it should offset my loss in AAPL and DELL.

Long 100 INTC @ 19.76


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