Investing General Discussion

Sanrith Descartes said:

Sold the INTC I picked up in my mom's account with earnings dropping. Gotta play the percentages and INTC rarely disappoints. 18% gain in about 2 weeks. Assuming INTC screws earnings again tomorrow, It should be on sale again.

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Some shit is just too easy.

karma said:

earnings are today, and take a guess what happened?

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yeah i fixed it, it was a typo.

V with double beat

Sanrith Descartes said:

Some shit is just too easy.

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Don't fight the trends.

Mist said:

I really picked the wrong company to go long on.

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Mist said:

I really picked the wrong company to go long on.

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You gotta go really long.

Sanrith Descartes said:

Don't fight the trends.

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Collateral damage;

INTC -10%
For anyone sniffing around INTC (which I doubt in this crowd), it has a habit of double dip crashing. By this I mean it tends to dump and then dump again a day or two later. I wouldn't look to buy this dip. It will most likely be even cheaper next week.

Mist said:

Its okay I only have 12 grand in INTC and by 12 I mean 7.

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Thats a lot of covered calls you can be selling.

Mist said:

But then I would take a huge loss if they actually get exercised or whatever.

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Well, yeah. I didnt mean like today. Once the assorted funds and other bag holder start buying this dog again and bring the price up some before the next earnings crash is what I should have added.

Mist said:

Yeah except my cost basis is 44.31.

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Might be a horse has left the barn kind of moment, but hey...