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Technology Stocks : Intel Corporation (INTC)
INTC 46.48-4.5%Jan 30 3:59 PM EST

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To: Bernard Newman who wrote (7228)1/3/1997 6:00:00 PM
From: Ernest Emerick   of 186894
 
Bernie,

Thanks, You are right, the time to buy these options is every time it pulls back, this is the third time it pulled back to the high 120's, each time I accumulated more calls... I now own the Jan 135's, Jan 150's, and the April 145's... All of which are close to double what I paid for them... Also some OEX 740's, which I picked up yesterday for a song at $3 and change... (The exception being some 150's I picked up the other day for $2 when INTC was around 135......)

I am obviously looking forward till Monday, and agree with Jack that 145 is almost imminent... These options should be nearly double again from where they are here!!! (hopefully)

Well I am having a happy holiday season (a little late, but happy none the less!!)

Ernie
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