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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: Ira Perkins who wrote (7385)1/5/1997 4:47:00 PM
From: jmac   of 186894
 
Only my opinion. I have traded intcw rather than intc for the past 1 1/2 years for one reason only, it is cheaper. Without going into the time premium issue (because it is less than a point), intcw moves almost 1 to 1 with intc. there may be some strange movements in intcw when you get closer to exercise time, but that's more than a year away.

I hope you are lucky in getting the intc @ 138 3/8 monday morning but i suspect not. At least it won't open there. And, if it comes all the way back to 138 3/8, after the expected gap open, I am not sure I would be a buyer. Jack's two tick theory seems to work and if we gap open and move back to unchanged, I'd be on the sidelines to see if we are going to have a down day before buying intc.

Just a thought. Perhaps Jack will read this opinion and comment on it.
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