timwest

INTC 2 years of accumulation

NASDAQ:INTC   INTEL CORP
222 1 0
Here is a longer-term view of INTC             and the accumulation pattern that it has been in. The lows are higher and the highs are higher, which is a simple way to say the trend is up for INTC             . Recent weaker than expected announcements from the company have softened the price of INTC             shares, but they still have room to fall to reach the "value buyers" which have been patiently accumulating shares from $19 to $21. INTC             gets ahead of itself from time to time (in the spring two years in a row) as noted by the red-triangles which I have denoted areas of supply where sellers come in and check the advance. I would think that buying at $22 would provide an excellent entry for INTC             shares. Consider selling $22-strike put options expiring 3-4 months out for premiums of $2.00-$2.50 per share. Technical Tim, Mon, 1:54PM EST, Dec             19, 2011
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It has been six weeks since this chart and commentary, so far, so good. Selling puts has worked nicely.
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