INTC's at 22.26 and have an order in for KLIC below 11.25.
These are both to buy back shares sold roughly 10% above here.
OE tomorrow, down market, summer friday. Certainly not the tim eot be selling.
I'm off for several hours.
Good luck folsk!
Bought back some KLIC trading shares at 11.18.
ALso bought back the OCT 11 calls I had written for 1.10 at .60. Not half like my target but not a bad return even for 4 months (I had written on 4/25 before the last pop to 12.50).
Now looking at the simple chart we may be at a short term bottom for KLIC assuming the whole market doesn't do something crazy.
So now I'm purely long KLIC again with common and calls. My last little hedge is gone.
I still don't have all the shares that I may end up owning but I'm in the 70-80% range.
INTC has had a nice bounce today. I didn't catch the bottom and not enough of a bounce to sell those shares yet.
If KLIC gets significantly below 11 I'll be adding common and/or calls likely.
"Scale in, scale out, online commissions are cheap"
It's still summer too - so no urgency.
Good luck folks!