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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 39.50-1.2%Nov 3 9:30 AM EST

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To: Mark who wrote (75)6/23/1997 7:50:00 PM
From: IQBAL LATIF   of 201
 
With S&P down 20 DOW down 200 soxx is only down 1.78, what will happen next:

Subject: "IDEA OF THE DAY"-Trading in&out for profits.

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To: +Bart (1062 )
From: +IQBAL LATIF Jun 23 1997 5:44PM EST
Reply #1067 of 1079

I think early morning session will try to sell S&P further, they will try to suck in lot of shorts and then close them out by taking market slightly higher to stop them out, take care and just don't get sucked in, sit on the side lines and in case of a bounce establish OEX puts, this thing is going down to 850 or may be 7200, it is the best thing DOW pulls back.

IR is a good short play, I would also look into some others where valuations are astronomical, such pullbacks and shocks keep the direction intact.

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