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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (6682)4/2/1997 11:37:00 AM
From: Kevin   of 58727
 
>>>What you are really saying is that you don't think INTC will go down much farther, or else you would wait to buy - unless you were doing this as an short short term kind of thing. <<<

I'm still getting good indications that INTC will head to the low 130s (maybe very high 120s), BUT the damn stock is hanging tough. I lightened my position by 50 contracts...sold 'em for a $1800 loss at 2 1/4. I still own 30 contracts. If all goes right, I'll more than make up for that 1800 loss with the 30 puts I still have.

I also bought Apr 135 calls at 6 1/2 just now. Wouldn't mind riding her higher for a short short-term trade.

Hope this helps.
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