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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (8205)10/16/2000 10:04:03 PM
From: Jim Willie CB  Read Replies (1) of 65232
 
Intel game is the clearest charade in months

let me see if I understand clearly
Solly's biggest clients realize they missed getting it under 40
Houses know that taking Mighty Intel down 50% for a slight hitch in growth is absurd
some INTC shorts realize they have seen the extent of outsized profits

so now Solly clients are long with price under 40
so now Houses are long with "surprising" good news coming
so now INTC shorts have been converted to longs

I am back in after selling on friday when over 40
(I didnt trust a 4-pt gain in a wounded giant)
got April 35 calls today at endday when at 36
such easy money in next few weeks

wondering when the 50-58 gap will be traversed
any bets?
my guess, VoltFace, is around Dec 10th

/ Jim
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