Cyrix 1 Where anything goes Message Board

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Technology Stocks : Cyrix 1 Where anything goes

CYRX 8.845

+3.5%

Nov 11 3:59 PM EST

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To: Investor A who wrote (372)	4/15/1997 12:26:00 AM
From: Frank P.	of 640

Fuchi; It means, as reported in the Cyrix thread, that INTC is trading at about $125 after the market close. It means that if we move quickly tomorrow, we should be able to get something out of our Apr Puts. It means that the longer term puts are probably going to do even better. The TAs will be figuring what a 10% reduction in gross margin will do to the stock price. I, also, expect the market to get a little gun shy and probably drive the INTC p/e down closer to the 10. The next day or two will be more fun. Tomorrow we are supposed get the news on Retail Inflation. If there is bad news there the whole market will respond down. Couple that with Intel's lower future margins and the Intel Puts should do well. However, we have to stay alert to move out smartly when the opportunity expresses itself. This market, especially in technology, is very skitish. I think in the near term we will see INTC dive and then bounce from people buying "bargain" INTC. Then I think INTC will go down again based on the future quarters lower margins and at least lower earnings growth. Luciky Trading and Sell High; CHROM

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