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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: IQBAL LATIF who wrote ()6/26/1997 5:40:00 PM
From: IQBAL LATIF   of 201
 
INTC MSFT IBM if break their today's supports can lead to a major drop in markets, I will put straddle on some of these major stocks and specially like to pick some lofty multiples, the only thing positive is ebearishness in the market, such gloom may result into contrarian buying, but since market did try to take out 878 on S&P today we should be nimble and prepare for furhter corrections.

INTC break of 140$ should result into SOXx testing 285 and therefore this has to be definately watched, also IBM can visit 85 and MSFT 120 together thse movements can bring market to levels which may be closer to S&P 850 or DOW 7250, I think that major support their will hold until then todays weakness and INTC break of 145 is not a good omen.
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