SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%Dec 31 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Raymond Thomas who wrote ()2/6/1997 8:14:00 PM
From: jmac   of 186894
 
TO ANYONE:

Intel's technical performance today was not very good. It did have a good bounce from the 151 area but an UP DOW day should not have produced a big DOWN day for INTC. I am afraid that it isn't over yet. I am hoping and expect 151 to hold. In fact, I will uncover (buy back calls) that I have now covering 50% of my INTC position tomorrow if INTC heads back to 151. In fact, it may be a good time to look at purchasing INQBJ or INQBK. We have to be getting oversold and the fundamentals are as good as they were when INTC was at 164..

I sold my IBM Feb puts today when IBM hit 148. Nothing like leaving 2+ on the table. I owe a thank you to those who pointed out to me the fundamental reason why IBM was to begin a decline. However, IBM is now oversold and could bounce back to the 151 area.

I still have my COMS short and the OEXNIs long--although neither did much to protect me from a decline in INTC. I will sell the OEXNIs if the employment data and wage info is good for the markets tomorrow morn and will probably break even on the OEX puts. If the data is good, I expect a re-test of DOW 6890-6900 again. I will try to buy my COMS back between 50-52 (as I stated yesterday).

There was no chance to buy CSCO today at 60. There was and still is a chance to get in on SUNW at 32 and I will do so tomorrow morn if the employment data is good (SUQBF @ 2 7/8 is a cheap way to play SUNW as it is priced just 1/2 point above the stock).

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News