"What do you think INTC earnings will be?"
I dunno. That's one of the reasons I'm out. I'd much rather watch the show from a comfortable chair. Hey, I didn't get my 10 points, but I did get a nice profit.
"I was surprised when you went long INTCW few days ago."
Was strictly technical. It gave quite a buy signal. May still be fine, as there was some really serious buying today. However, the same indicator that got me in got me out this afternoon.
In fact, the indicator suggested a sell a couple of days ago, the first time INTC made an attempt at 75. I ignored it (mistake) saying I'd get out on the NEXT downside crossover. (Which I did today.) Of course, I'd hoped that would be at a higher price than the first one. But if I'd been paying attention, I could have made just about the same trip twice.
From now on (well, with the market as it is right now...) I buy on the buy crossover of my 1-hour bar indicator, and sell on the next sell crossover. Period. That gets me 2-3 days in a trade, max, which is perhaps appropriate for this market. I'm also looking for good shorts - I do agree with Chip that CTXS - did well with that one on the upside, mebbe can do it again on the downside... |
