Doctor Jack's Stock Medicine

[Jack Haddad]

What is your basis for disagreement?

My disagreement is beyond the scope of this forum. Here, I simply like to post stock trades in as close to real time as possible. Occasionally, when matters get dull, I will discuss technical analysis in anatomical terms.

[DSteckler]

Diploma in Technical Analysis (DITA)

<< If you have an interest in earning a CMT or DITA, the best place to start is by contacting the MTA. >>

Jack, the MTA is no longer the organization to contact for the DITA certification because the MTA is no longer a member of IFTA (International Federation of Technical Analysis). The American Association of Professional Technical Analysts (AAPTA) is a Developing Society of IFTA (with membership anticipated late this year) and now the contact organization in the U.S. for IFTA activities.

The DITA certification was replaced with the CFT (Certified Financial Technician) certification in 1996.

[Jack Haddad]

Intc

Bought INTC at 17.87, and wrote the June 15.50 calls at .80 cents/call. I will be accumulating shares in a dollar -cost -average pattern at the proper pivatol points.

[Jack Haddad]

<< If you have an interest in earning a CMT or DITA, the best place to start is by contacting the MTA. >>

Jack, the MTA is no longer the organization to contact for the DITA certification because the MTA is no longer a member of IFTA (International Federation of Technical Analysis). The American Association of Professional Technical Analysts (AAPTA) is a Developing Society of IFTA (with membership anticipated late this year) and now the contact organization in the U.S. for IFTA activities.

The DITA certification was replaced with the CFT (Certified Financial Technician) certification in 1996.

Thanks for the update. I didn't the change has occured.

[DSteckler]

My disagreement is beyond the scope of this forum. Here, I simply like to post stock trades in as close to real time as possible. Occasionally, when matters get dull, I will discuss technical analysis in anatomical terms.

I'd love to discuss it with you in a private message then, if you'd like. This board offers private messages. I'm a technical analyst and enjoy discussing the subject with others who are skilled in the field.

[Jack Haddad]

Bought INTC at 17.87, and wrote the June 15.50 calls at .80 cents/call. I will be accumulating shares in a dollar -cost -average pattern at the proper pivatol points.

Correction, I meant the June 17.50 calls.

[New-born baby]

Welcome

Jack,
You are very welcome here, and I look forward to all your posts. Best to you always!

[Jack Haddad]

Jack,
You are very welcome here, and I look forward to all your posts. Best to you always!

Thank you.

[Jack Haddad]

Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.

Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.

[DSteckler]

Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.

Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.

What stock are you talking about?

[Jack Haddad]

Hom

What stock are you talking about?

HOM, sorry.

[DSteckler]

HOM should find support at its 20-day EMA...it has every time since February.

[jiesen]

Welcome to the forum, Jack! I look forward to reading all about your picks!

[Jack Haddad]

Intel's restructuring plan which was announced last April is a conglamerate move-- the most significant change since the 1980s-- When the giant chip maker abandoned its main memory chip business to focus on microprocessor chips. The company's broad revamp is aiming for savings. It's a methodical and strategic exercise, rather than an across-the-board cut. For example, the company may look at exiting their high-end microprocessors, dubbed Itanium, on which intel has spent well over 1 billion to develop since 1994. It might also unload its flash memory and communications businesses-- which are all losing money.

Theyre also increasing their long-term investment design in microprocessors. The company is accelerating the timetable for introducing a major design change to its chips to every two years; in the past, Intel has taken 5 to 6 years to introduce a major change to its chip architecture. It's last major design, Pantium 4, was introduced in 2000. Design changes are more than just simple speed upgrades; rather, they involve a complete redesign of how a chip operates. The company will employ several engineering teams that work on different generations of chips in parallel. Currently, Intel has more than 1000 people working on designs for a new kind of product, the Ultra Mobile PC. These are small portable computers, such as Samsung's upcoming Q1, that weigh less than 2 pounds and run the full windows operating system. This new development approach explains why Intel has increased its work-force so dramatically to 103, 700 employees, compared with 87, 100 a year earlier.

Ladies and gentlemen, this strategic move in development is likely to put heavy pressure on rival AMD, which has one-tenth the number of employees that Intel has. I have in the past interviewed fab supervisors, and senior engineer managers at Santa Clara headquarters who told me that Intel executes best when it's under pressure or when it's under a level of danger.

[Jack Haddad]

Today's market strength is strong, but I assure you that there will be pockets of profit taking-- which should provide volatility on a similar calibar that we witnessed this past monday. EBAY is over-extended here. From 33.00 to 33.88, I saw huge blocks covering their short positions. As to INTC, a close above the 17.90 mark is a welcoming sign sustainability.

Happy trading all.