Wednesday, 21 January 2015
Intel's spikey up-trend promises substantial reward
Publication of Q4 results on 15 Jan prompted a spike of 2%, on Intel's downswing. This was followed by two more spikes.
On 12 Jan, I indicated that I would by-pass this possible spike, because of Intel's current down-swing.
The downswing is near its end, and it should rebound strongly off the bottom line (unless a correction in the Nasdaq gets under way and brings down everything). An upswing of nearly 10% is to be expected, spread out over a week or so. Entry point $36 to $36.70; exit at $39 or $40.