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Technology Stocks : Intel Corporation (INTC)
INTC 48.16-0.9%10:19 AM EST

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To: Smart Investor who wrote (4520)10/23/1996 7:32:00 PM
From: Daniel Gareau   of 186894
 
Smart Investor,

Couldn't agree with you more about further correction in NASDAQ. The past 2 days action is the first kink in the armor, a welcome alert signal for those, like myself, waiting for an indication of a reversal to the recent tech upsurge. I'm glad to see that the market picked up nicely this afternoon, it'll only give stocks a greater distance to fall once the downturn resumes. Buying calls at this time is just too nervewracking though today I could just kick myself. If the market didn't look to bad at the outset I had planned to buy INTC, NSCP, or PSFT call options. The market took a long time to pick up and so I chickened out. Pity times 3.

Trading Success To All,

Daniel
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