SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joey Smith who wrote (24436)6/11/1997 8:53:00 PM
From: Ibexx   of 186894
 
Joey,

The price cut was reported by a respected trade rag, thus I think it should be believable. However, I am still trying to dig up the original news release, but so far no luck.

It was speculated that WS liked the idea of Intel's price cuts, thus precipitated the stock's dramatic intraday turnaround at 2:00. If you look up Lombard.com's intraday chart, the rebound was truly impressive.

I tried not to waste my time rationalizing short-term stock moves, especially on the eve of the triple witching week. Rather, I concentrated on trading LEAPS options on a number of unfairly beaten down stocks--not INTEL cuz I have too many shares already.

Regards,
Ibexx
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News