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Technology Stocks : INTEL TRADER

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To: Gersh Avery who wrote (6399)7/28/1999 9:32:00 AM
From: John Harton  Read Replies (1) of 11051
 
Hi Gersh, Was it Laurel&Hardy or the 3 Stooges

who did the "passing thru the same doorway" bit?

After you

No after you

No after you, I insist

very well

BOINK!

But seriously, my reasoning was
1)You got your MA crossunder on the daily chart
2)You got bearish candles on the monthly(A semi gravestone)
3)Rumors of tracking stock cause a 5 pt pop that quickly recedes
4)MSFT's participation in yesterdays "buy on dip" rally was tepid
5)But mostly I feel I got a better than 50% chance at ~80 to ~82 before expiration in Aug.

But then the weekly chart is less clear and it is after all MSFT I'm betting against(^_^).

Hope Berney's right, we both win.

-John
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