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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 39.99-0.4%Oct 31 9:30 AM EST
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To: Al Serrao who wrote (92)6/25/1997 4:35:00 PM
From: IQBAL LATIF   of 201
 
Subject: "IDEA OF THE DAY"-Trading in&out for profits.

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To: +Al Serrao (1170 )
From: +IQBAL LATIF Jun 25 1997 4:33PM EST
Reply #1175 of 1175

Al-Serrao,SOXx second close above 311.8 with all this volatility confirmation of a very strong underlying support, even when S&P touched 890, SOXx did not budge and was only down one, I think we are in a strange phase where SOXx and DOW will converge, SOXx if for next two weekly closes above 320, we are then looking at 360-65 level, this move without DOW will bring the TECH valuations in line with DOW. I will reiterate that if 890 is broken on S&P we may head lower to 850), it is better to make some money on OEX's on your way down.
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