Intel: Short Term Stock and Option Trading/Strategies Message Board

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Technology Stocks : Intel: Short Term Stock and Option Trading/Strategies

INTC 39.50

-1.2%

Nov 3 9:30 AM EST

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To: jmac who wrote ()	3/19/1997 5:45:00 PM
From: Mark Tlapak	of 220

The bottom of a correction is usually when everyone is down on stocks and are shorting.(Remember July?) I think we might almost be there when I found myself wanting to short asnd today even after it has gone down so much.(still not a bad idea though) Regardless, I picked up some April 135 calls when INTC was 133 today (I missed 132). It probably will go down tommorrow again, but all corrections eventually have some type of rally, and earnings do come out April 15, three days before expiration. The NAZ has gone down 7 straight days for a 5% loss, and hopefully after the Fed meets the 25th, and where hopefully they will raise rates 25 basis points (This way people won't worry about May, and this small rate hike will probably soothe people's fears). Before earnings come, the stock is sure to go up, and even if earnings stink, I'll be halfway out with a nice profit. If the NAZ will just stay close to this level before April, INTC could be 150 by earnings. Any other opinions would be appreciated.

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