Doctor Jack's Stock Medicine

[Jack Haddad]

Jbl

Bought 1 block at 22.53, and wrote 100 August 22.50 at 1.10/contract.

[jcohen918]

Tso

lol, math was off a bit, ty for the comment.

[jcohen918]

The GENERALS

I can't wait to see what the "Generals" do with the earnings reports of YHOO, INTC, EBAY among others this week. Usually at this time big money starts building big positions around now and then juice them hard into Jan 1.... It can be a constructed chart like most other years or does the chart blow up and the funds abandon it and stay away.. who knows ?

[Jack Haddad]

Intc

Caris & Co. analyst Rick Whittington kicks off the morning gloom for AMD with a downgrade of the stock from Above Average to Average, noting that a survey of 15 tests for Intel’s “Conroe” desktop chip showed the Intel part besting AMD’s almost 100% of the time. Concludes Whittington:

"From all reports, AMD’s response to Intel Conroe will be focused on pricing. AMD will attempt to win the performance/$ battle against Intel. To us, AMD’s “response” strategy all but admits to Intel’s superior technical position with NGA. This doesn’t bode well for AMD’s margins as Intel appears to be on their way back to dominance."

Others on the street are chiming in on the brightened outlook for Intel. Stifel Nicolaus’s Cody Acree says reports from Asian news sources are that Intel will unveil its “Merom” notebook processor ahead of schedule. Says Acree:

We believe an early launch of Merom would be another step in INTC’s turnaround story, which in our opinion is creating a substantial opportunity for investors. We believe the strengths of INTC’s new portfolio are not yet reflected in its lagging share price, a situation which we believe will be rectified in the coming months.

And, joining the pile-on, Banc of America’s Sumit Dhanda says that Apple’s new Intel-based Macs could be a factor to Intel shining brighter in the second half of the year:

[D]espite widespread market skepticism, we believe our 3Q sales forecast of 8% q/q (vs St +9%) [for Intel] is likely to prove achievable given 1) the improving inventory situation within Asia distribution, 2) the easier comps heading into 2H06 (vs. a depressed base in Q1), 3) our expectation for further share gains versus AMD … and 4) an additional boost to sales growth from the ramp of Intel based Apple computing platforms. As it relates to gross margins, we expect Intel to maintain its “implied” Q3 outlook of roughly 52%, +/- a few points (GAAP basis), given the more benign nature of the price cuts, as well as the improved mix and factory loadings in Q3. Finally … there exists the potential for slight operating margin upside through Q3, and subsequent quarters.

[jcohen918]

Sjm

put SJM on my watchlist as a possible short opportunity

[Jack Haddad]

Yhoo

Bought 2 blocks at 26.07...The reaction on the selling is overdone.

[jcohen918]

Real time forum

IIC,
Let me know if there is any news on the real-time forum/chat.

Jordan

[Jack Haddad]

Jbl

Bought 1 block at 22.53, and wrote 100 August 22.50 at 1.10/contract.

Sold at 23.50 and bought back the calls at back the calls at 1.55

[Jack Haddad]

Aapl

Bought 1 block at 51.08

Sold at 60.83

[IIC]

IIC,
Let me know if there is any news on the real-time forum/chat.

Jordan

I'm out of town this week...I'll let you know...we could try it Monday...I can put up the info this weekend...anyone else interested?

[Jack Haddad]

Aapl

Bought back 500 June 57.50 calls at .45/contract, and wrote 500 july 55.00 calls at 5.00

Sold 5 blocks at 60.37, and bought back the July 55 calls at 5.40

[Jack Haddad]

Intc

Shorted 2 blocks at 17.74

Covered 2 blocks at 17.53

[Jack Haddad]

Intc

Bought 1 block at 17.43

[Jack Haddad]

Imcl

Bought 2 blocks at 38.40 and wrote 200 July 35 calls at 4.80

Sold the shares at 35.60 and bought back the calls at .70/contract

[Jack Haddad]

Ebay

Added 1 1/2 blocks at 25.84, and wrote 150 July 25 calls for 1.55/contract.

Bought back the July calls for .05/contract and wrote the August 25 calls for .95/contract.