<p>Yes…</p>
<p>So doct… what do you if intc drops to 26?</p>
<p>What do you do if the stock goes to 30 and you have the buy write on? Do you roll the calls up?</p>
<p>I sold the Intc may 26 puts…</p>
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<p>INTC is a fundamental play for me. I’m on a board with INTC employees and other traders with EE and chip backgrounds; also software, IS and IT backgrounds. I also follow a board where there are a lot of posters from companies that they compete with. Intel has some of the crown jewels of US technology and a big lead over their global competition and the lead is growing. If they can continue to grow their lead, there will be a tipping point; I estimate around 2015-2016 where their lead will be extremely difficult to compete against.</p>
<p>I’m starting to see applications which will require vast amounts of storage (what’s the next thing higher than Petabytes?), computing horsepower and bandwidth. Intel is a piece of that. I don’t have good insight into storage companies or networking equipment companies. I suppose I should get some but it’s hard enough keeping track of the few areas that I follow.</p>
<p>Ok… I like that post…BCEagle91…</p>
<p>Just put in a sell for May 19 $28 calls for $0.60. Basically, almost exactly what I did last month. I need a rally from INTC to about $28.40 or $28.50 to get my price. I should buy back my $640 and $620 May 19 calls - haven’t looked at the price today but I’m guessing that they aren’t good.</p>
<p>If it goes to 30, I will have made 4.2% from today in less than a month and I would probably be replacing the stock with an equivalent number of shares when it hits 29 if the trend is up. Going to 26, I’d have to buy back the calls and then sell the stock if I thought it wasn’t coming back for a while. Its a decision I would have to make when it happens and the circumstances surrounding it. Maybe I wouldn’t sell at all. I have gotten away with selling the stock and not buying the calls back - once with schwab.</p>
<p>Ok…so the stock hits 29 and you buy the stock…</p>
<p>Example…
Long 1,000 shares of stock short 10 of the 29 calls…</p>
<p>Stock goes to 29… Trader buys 1,000 shares of stock because of the short calls…</p>
<p>So now trader is long 2,000 shares and short 10 calls…</p>
<p>Stock drops to 28…</p>
<p>Now the trader is down $1,000 on the last purchase of stock and only made $140 on the calls…</p>
<p>And is long 2,000 shares instead of 1,000 shares…</p>
<p>I don’t have a good answer for this…</p>
<p>Good to see your rationale on INTC. Do you have a fundamental position with INTC or is it just a horse to ride?</p>
<p>I wouldn’t buy the 29’s unless its in a strong uptrend. I have confidence in intc, they’re a big customer of ours.</p>
<p>Are you asking me, BCEagle91?</p>
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<p>1000 petabytes = 1 exabyte (10^18)
1000 exabytes = 1 zettabyte (10^21)
1000 zettabyte = 1 yottabyte (10^24)</p>
<p>Can’t wait for my 1 yottabyte drive. 
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<p>No, that was for Doc.</p>
<p>I said before that intc is a long term hold that is why I own the stock. Its a good dividend stock and it has bright prospects.</p>
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<p>For some reason, this has been a best-kept secret from most for several years.</p>
<p>Can you imagine what would happen if China said that they wanted to buy Intel with their cash hoard? You could say the same for Google, Microsoft, Apple (not sure if they could afford Apple), Oracle, Amazon, etc.</p>
<p>The sale of the company that we were to the Japanese before we were bought out and was alluded to in “Rising Sun” by Michael Crichton was stopped by the US government</p>
<p>I bought INTC in the high 19s mainly for the dividend yield (was it 4% at that price?) </p>
<p>One of my pet peeves is internet historical analysis, as in, I did this or I did that or even I shoulda done that. Like the guy that bought $50,000 worth of AAPL at $3.75 per share (Do you know what that is worth today? do you??) so I apologize for this hindsight analysis, but please notice the island reversal bottom on the QQQ. I dont remember what the gap down was all about, but 2 days later we gapped up on AAPL earnings, and here we are. Those types of bottoms can generate a lot of upside momentum. (Notice I make this comment as the market is screaming upward, just like CNBC; when the market is going down they bring out all the doomsayers, and when the market is going up they bring out all the cheerleaders)</p>
<p>I dont know if this belongs here … (checking topic title, ok, it includes the word “investment”) I finally bought some JNJ today for my dividend portfolio after they hiked the dividend. I think I own too many different stocks - its up to 27 + 1 closed end fund now. I will either have to add to positions or sell something.</p>
<p>Ok…NJRes…</p>
<p>You need to turn off the tv…</p>
<p>12,000 before 13,500… Though looking a bit grim today ;)</p>
<p>Qdogpa, you are going to be our contrary indicator. :)</p>