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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (49504)	10/15/2003 10:09:02 AM
From: DanZ	Read Replies (1) of 53068

Larry, There's only two ways that I would play INTC right now. 1. Go long on pullbacks. 2. Short rallies into resistance, and more aggressively into extreme rallies at resistance. I would NOT buy it an hour after they released earnings, with the stock already already three times higher the last six months, and up 5% on the day. Of course I might miss the rally if it keeps going up. It isn't my style to chase stocks up (or down for that matter). It is entirely possible that the stock has already discounted all this good news and will pull back two or three dollars. You might prefer to buy pullbacks. I might prefer to short rallies and buy (cover and/or go long) pullbacks. lol This is a short term call on my part. I am bullish on the stock longer term.

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