Tuesday, April 13, 2010

BEWARE OF INTEL EARNINGS!

Just a word of caution before you run out and buy calls because Intel had a blowout earnings report. Intel often sells off despite reporting great earnings. Intel will probably gap up at the open tomorrow. If it does, watch to see what happens next. If it ends up selling off and closes near the lows of the day, look to buy puts on INTC and see if history repeats itself. If you can watch INTC at the close, you might be able to get into those puts right before the market closes. JPM reports before the market opens. YUM reports after the market closes. Both stocks look a bit overbought. Don't get sucked into chasing them here.

No comments:

Post a Comment