Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Khris Vogel who wrote (4433)	10/19/1996 2:56:00 PM
From: P.Prazeres	of 186894

With regards to the price finishing at $110 or $110.75. If you look at stocks with large numbers of contracts expiring, usually on the day of expirations the stock flirts around a striking price. Look at Thursday's intraday chart of Intel after 3p.m. It didn't take too many shares to drive the price down to $110-3/4, setting up the stage fro the closing at $110 on Friday. Anyway, I think we're headed towards the $114-$116 area this week as some of the shares sold were sold for the purpose of getting out of the option contract with no execution. Another reason for the move up this week is the action with respect to INTCW. It did not go down yesterday with INTC. As for the end of the year price, $125 is not out of the question, especially since a powerful 4th quarter is more than likely in the making...once the street starts to anticipate this, the shares will be bid upwards. Buy calls on any dips and hang on for a nice ride up. Paulo

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