Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.55

-2.1%

10:34 AM EST

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To: Elmer who wrote (126687)	2/5/2001 9:43:11 PM
From: Hightechhooper	Read Replies (2) of 186894

Elmer, At this point I think INTC is very highly valued relative to its earnings outlook (thank God). Even the insider selling didn't hurt, which is difficult market conditions is rare. I am betting that there will be no signs of a real turnaround in Q1 so I am hoping to use this time to write aggressive calls. Once we get to April all bets are off and I will reaccess and determine if Q2 will show any signs of life (I think there will be some given a very bad Q1). The P4 ad campaign begins then as well so if things do perk up I will go to a strategy of writing calls 20% out of the money two weeks before expiration. I need to use this time to try and build a cushion in the event the ANALysts are right about the bottom coming this summer. Even if things don't go according to plan I will do as you suggest and roll them out and up and wait for a pullback to clear them out. As you know, all plans are subject to change without notice.. take care,

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