YOLO of my lifetime, for grandma πŸš€ $INTC

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    Posted by DoinkBonked

    18 Comments

    1. TheJudgeOfThings on

      There seems to be a lot of hype around Intel right now, with acquisition rumors and such.

      I don’t:

      A. See the US allowing any of these companies to acquire Intel, due mainly to the national security concerns.

      B. See any meaningful changes coming from Intel to justify a price turnaround.

      However, your strike prices seem to be within reason. They could print.

      I would just take your gains if/when they come and don’t try to ride them off into the sunset.

      Intel isn’t going to $40-50 anytime soon, as far as I’m concerned.

      What I’d imagine, and this is purely anecdotal, is that the price could approach and then possibly meet resistance around $30 share, before the sentiment dissipates and it resumes its natural state… a downward spiral.

      I have played a few short term INTC contracts (riding the hype/psychology) over the past two weeks. Closed, rolled, or reopened:

      I currently have $22, $23, $23.50 calls exp 10/11. I’m looking to close them this week.

      I don’t believe I’ll stick around after this coming week, unless there’s new information that would drive investor (in this case gambler) sentiment.

      I feel this surge is driven entirely on news hype and not fundamentals.

      Good luck, my friend.

    2. barbaric_engineer on

      Just one dude propelled Intel from boring dying stock into full blown meme thing. The power of regardness.
      Modern day Forrest Gump.

    3. I don’t understand why intel is such a trending stock. Technically it looks like shit until a confirmed bottom. Might be around 12?
      I can think of a worse strategy than to buy on hope when you can buy on confirmz

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