INTC revisited

INTC is the only stock I retained through the crash. Sentimental holdings never pan out and this one was no different. I did cover the call options and that softened the blow a bit, but this was a big ouch.

I was asked by a very good friend when Intel will reach 25 again. Technically, there are plenty of resistance levels at 16.5 and 19.5 and the symmetrical triangle pattern. I would be satisfied if it reaches 20 or 21 at best.

That being said, INTC is a good buy at these levels. My long term stock screens for low price-earning, low price-sales, extremely low debt, high cashflow and high gross margins relative to industry had Intel in it. So I will be holding my SPP buys for the longer term.

INTC

INTC trade post mortem

As I stated in a previous post, I got out of my stake in INTC this afternoon at 24.21. I had to go back to look at the chart again. Partly to study the trade again and partly also because I have a deeper relationship with the company.

Looking at the chart again, it looks like it is making a head and shoulder pattern. However the pattern will only be complete if the price break through the neckline ofcourse. But, it is also approaching resistance in terms of the 50 day moving average and the long term trendline. All in all, it seems to be a technically sound trade.

I will be back later with potential trades for tomorrow. Off to a soccer game now. Good luck1