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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Sonki who wrote (2116)	7/3/1997 6:00:00 PM
From: jmac	of 42787

Another good day (except for techs). I am actually going to look at some Intel puts here. I am very disappointed with Intel's performance for the first 6 months of 1997 and won't sell the stock because of the cap gains I have but I do believe I can do some things to protect the downside. I am just thinking out loud now. The real hard question for me to answer is when is this going to stop. I have the July 840 calls (bought at 24; closed at 59). Every point means a pointin this option. 8000 is coming. That's another 10 points or so. Then what? A pull back? Or does it just go right through? Bonds will test 6.5% in the near future. That allows for a re-evaluation of DOW valuations. So, what to do? I really can't find a stock, other than techs, that now looks not too pricy. Maybe SLB. Maybe the rally will continue becaue the techs will come to life. INTC @ 200 by December right now doesn't look like a great bet (keyword: right now). What stocks look good to you as a buy right now?

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