October 13, 2009

SHORT ON INTC (INTEL)

As per our earlier post, we are short on INTC from $21.85. Take partial profits right here at $21.36 and take more profits if the stock goes lower. Tighten the stop.

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$CSX COMMENTARY IS NEGATIVE FOR COAL STOCKS

$CSX is a major rail carrier for coal to utilities. The commentary with earnings is negative for coal stocks. Consider opportunistically short selling with tight stops $CNX, $BTU, $ACI, and $MEE. Our other screens are bearish on coal stocks.

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INTC (INTEL) SHORT LEVELS

In response to questions, if INTC spikes up , we will consider short selling as the stock approaches $22 and stop over $23. Of course these are the levels for a perfect trade, which is not likely. We will consider shorting at lower levels depending on details of the earnings, guidance and how the stock trades.

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