Being long so many shares of Intel now at a cost basis of 22.53 per share, the plan is fairly simple. Intel reports earnings on Tuesday, so if there is a short cover between now and earnings where I can realize $2000 to $3000 in profits, then I will take that off of the table before earnings is released. Earnings itself is a coin flip, and another coin flip upon that is how the market reacts to earnings, because I've seen both good and bad news create unexpected share price gains and losses respectively. Ideally, Intel tests the 50 day moving average at $24.21 and I sell my entire position somewhere around there or on the way up. These are all hypotheticals and this stock could easily plummet as well. Selling off Intel going into the holiday season with Windows 8 product pre-release stockpiling possibly being counted into the last quarter's numbers for Intel seems nonsensical to me. Tuesday will tell the story.
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