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 37.04

-6.2%

Nov 4 3:59 PM EST

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To: jmac who wrote (123)	3/20/1997 3:26:00 PM
From: Nancy	of 220

I'm long shares covered 2/3 w/apr 150c sold few weeks back when it managed to retraced to 148-149. like to close it below $1. not getting it yet - I may just put in day order every morning at my price. Hope to get it done before soon. You could putin your target price for your put selling every morning to see if it gets filled. it visits sub 132 today AGAIN. It is bound in 131-134/5 range and likes to linger at 133 most of the time. Naz seems short term bottom out - at least for networkers, seems like, it depends how COMS earnings comes out tonight and the conference call. On the otherhand, DOW & SPX not corrected yet - not sure if they have to correct and if we have divergence again, this time Naz up and DOW down - key thing is there has been net outflow of money from tech funds and aggressive growth funds so you have liquidity problems and some money managers may have to sell stocks to meet redemption req. short term the bias seems to be more down, but I suspect we are near the bottom. I am looking into 98 or 99 LEAP bullish spreads using calls - new to me, need to study it more - buy 98 120 sell 98 140, with net cost of 10-11 and profit of 9-10. (140-120). if INTC can get to 140 by exp. this doesn't require margin, since 140 call is written against 120 call bought. Anyone familiar in spreads please comment. Thanks a lot. But boxmakers and chipmakers corrections seem just started - esp boxmakers, DELL, CPQ, GATE - and that would directly affect INTC. There is no reason for INTC to go up short term

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