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July 20, 2005

More chip and dip!, Wed., July 20, 2005, 10:03 AM

I sold my Intel back in May, at the end of Week #21, at $27.39, which I told you at the time. Then INTC had a bit of a run, so I reminded you in Week #22 in Review, that I was comfortable with my profitable trade, yada, yada.

"Thanks to a severe pullback on Friday, INTC was down "0.15 pct W/W. I am not unhappy to be out after INTC had an incredible 6-week run from $22 to $28 (+27.3 pct). Getting a price of $27.39 a week ago will look good in coming weeks."

So now Intel has reported a superlative quarter, and where is the stock? Let's see? $26.95? Oh my!

:-) More to come.


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Did I not tell you that it pays to listen to the right people?

Posted by Posted by Bill Cara on July 20, 2005 10:03:49 AM | Category: 45 Info Technology , U.S. Dow 30