Considering a break-out -lets look upon it as easy
Intel has 172,304 strike 30 Jan(02,03,04) puts outstanding representing 17.2mm shares, plus 93,272,193 shorts
These are the perma-bears -down on technology, down on chips,down on computers
They may be getting real worried with Intc ranging above 32 (except 2 days) since Nov 27 th. And Intc is now up to 35
They should be thinking of rounding up the camels, striking the tents, and moving on out.
No need to worry about pseudo-bears- they will get discouraged on one bad option expiry.
When Intc goes up, Dell will follow, so all we have to do is wait a bit.
( I was considering buying a new Dell merely to help out, but guess there is no need to do it. I haven't had to call Dell to fix anything since 1993)
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