The short term investing stock picks blog

A while back I posted a stock watch for Intel Corporation (NASDAQ: INTC).  I saw what was looking to be a really nice cup and handle base forming along with some positive technical indicators.  I was looking for a $26.50 buy point on volume, but it never hit off. 

I finally invested money into Intel today in anticipation of upcoming earnings.  I for a long time have believed that INTC will be providing us with a nice surprised this quarter and I know many analysts share this view.   They have been running a pretty tight ship and really benefiting from the idiots at AMD and this will finally start to show.  I think we will see a little run up begin either toward the end of this week or Monday.  I will either go long or sell into the earnings trading Wednesday based on what I see in the numbers.

Disclaimer:
I bought 10 $27.50 call contracts for Jan 2008. 

This entry was posted on Wednesday, October 10th, 2007 at 1:46 pm and is filed under Potpourri. You can subscribe via RSS 2.0 feed to this post's comments. Responses are currently closed, but you can trackback from your own site.