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Monday, October 15, 2012

The Plan for This Week

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.

Hoh yeahhh!

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2 comments:

  1. do you have a limit order set?

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  2. Nah, just going to check the stock at 2pm Eastern and if there is reasonable profit to take, then I will. I guess this says a little bit about how I think the stock will perform today and react to earnings. I personally don't think today will see it above my cost basis, and I think earnings (regardless of what is said during), will result in a melt up. Just my 2 cents.

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