Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

3:59 PM EST

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To: robert w fain who wrote (9095)	1/23/1997 1:49:00 PM
From: jmac	of 186894

I don't see a correction on the horizon. But, then again what is a correction? I don't even see profit taking until we approach DOW 7000. There is no news out tomorrow that will move the bond market so I think we are OK today and tomorrow. I am long OEX and holding them through tomorrow or until DOW 6980 or so. I am long INTC calls and will sell those Feb calls as we approach 159 or so. I will hold my stock for a long, long time. If we approach 159, I may sell some covered calls against the stock. The market has been overbought many times and not corrected. I don't believe that past market behaviors are indicative of the current market. It's a whole different ballgame with too much money chasing too few good stocks. I could be wrong, but the above is my gameplan.

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