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Holding: INTC

romsluck [0]

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Symbol Sector Return Exposure Trades Last Trade Status
INTC Semiconductors 33.05% 
Long
0  03-Feb-10  Currently Holding
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15-Apr-08

New Trade - Short AMZN - Amazon

Holding Rationale for INTC.

I was going through some charts late last night and this one caught my eye.

image

I thought it will be a nice little trade.. It reacted at a previous top and broke down the short term trend-line. MACD is giving a sell signal. Short term EMAs are pointing down. The stop loss level ideally should be the recent top around 78 but I am not going to hold on till that.

I shorted 50 AMZN @ 72.35. My stop loss is 75.35 on this and my first target is 69.25 and second target is 64.75

Update: The INTC results gave a little push to this guy during after hours trading but I am going to hold on to this till Friday.

Tagged Stocks: AMZN, INTC

 

Posted at 20:33 in Holding Rationales  |   Permalink   |  Top

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Credibility in INTC

romsluck

INTC Long
Rank 46/366
Return 33.05% at 2010-03-11
Rank 46/366
Trades 0
Followers 0
 

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