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Strategies & Market Trends : Tech Stock Options

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To: Loren Winzeler who wrote (6469)3/26/1997 2:45:00 PM
From: Kevin   of 58727
 
Damn Loren, if you wanna talk LONG TERM stuff like 3 1/2 weeks away then why didn't you say so?


To: +Richard Althouse (5992 )
From: +Kevin
Mar 14 1997 4:13PM EST
Reply #6044 of 6471

Hi Richard. Here's a little INTC update I thought was important:
At $135, INTC will close all of its downside MF divergences that I've been ranting & raving about for several months! Like I said...I'm really not a bear on this stock. In fact, I'll probably be selling puts as early as Monday on it.
Fundamentals are there, MF gap closed, and an upcoming earnings report that should give the stock a boost to a MINIMUM of $155 per share are enough reasons for me to short puts and probably buy calls several days later.

Just my opinion folks...I could be wrong.


But on a day-to-day basis, I think INTC has a quick trip to tak back down to the mid to low 130s. Gotta be a switch hitter to make money constantly :)

See ya.
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