INTC Message Board - Msg: 1277304

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Technology Stocks : INTC

INTC 36.78

+2.7%

Nov 26 3:59 PM EST

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To: Jules B. Garfunkel who wrote (341)	4/26/1997 10:54:00 PM
From: James B. Ditsworth	of 990

Pleased to hear that you were out of the IBM puts on the recent IBM joy ride. I suspect IBM's stock performance will disappoint in the next 3-6 months, so you should again enjoy further profits with your latest round of puts. Good luck. (My comments are not based on solid analysis, however.) As with the DOW, Intel seems to have found a trading range (130-150). I am cautiously optimistic of a generally upward bias to the stock, but believe it will be forced to climb the wall of interest rate uncertainties. Good trading opportunities ahead? Buyandhold of INTC continues to be my basic strategy although I did stretch into a margin purchase of INTC in recent weeks. Bought in at 132, 138 and 142 and sold at 145. Was pleased with the results. Regards to all, jim

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