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Intel Corporation Message Board

  • littlestewie88 littlestewie88 Apr 23, 2013 10:37 AM Flag

    Dead Money Here

    Massive Resistance at 23, and will trade sideways here between 21-23.

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    • I think the market is looking six months ahead. All those sidelined investors who were waiting for sub-$20 prices have been betrayed by luck & circumstance. Now we are looking forward to Haswell which will be releasing into an environment where Android & Apple have lost their WOW factor.

      Intel investors have to learn a new phrase which til now has not been helpful: "Averaging up".

    • No, the stock is slowly but surely eating its way through the last of the medium term resistance it has to overcome before it can break out. In ascending order this is

      450 DMA = 23.01
      400 DMA = 23.39
      300 DMA = 23.45
      350 DMA = 23.55

      Once the stock hits 23.60 it will rise much more easily afterwards.

    • There is CALL option volume in the MAY $21, $22, $23 and $24 strikes. They appear to be two PAIRS of trades being made. The $$21 + $23 paired as BEAR CALL spreads and the $22 + $24 paired as BULL CALL spreads.

      The result is that they are selling the middle and buying the outers. The result is an option positon being taken before the ex-dividend day next Friday May 3rd.

      I am surprised the OMM has not opened up the weeklies for next week.

      "Dead money"? I would almost narrow my range to $22 to $23.

 
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