Intel Corporation (INTC) Message Board

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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: Gary Ng who wrote (35962)	10/15/1997 1:44:00 PM
From: vinod Khurana	of 186894

Nice going INTC....I couldn't have done it without you. I sold the SINGLE Oct 95 put at $8 3/4 this morning and covered my short position on the 200 shares at $86. I will look to short this stock once more when it strikes $90 - $92. The chart now indicates major support at $78 - $80/share....that is the time to get bullish for a rally back above $85. INTC will not see $100+ until next year or longer...assuming we have not entered a bear market. I am now short MSFT NOV. 135 puts which I have been accumulating aggressivly. This morning I purchased another 5 put contracts at $5 /4 to hold 10 contracts. I have also shorted 100 shares of MSFT at $136. Earnings due on the 20th October..... Good luck to all. V.K

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