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Technology Stocks : INTC
INTC 35.53-1.1%Nov 14 9:30 AM EST
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To: Paul Engel who wrote (550)7/9/1997 2:30:00 PM
From: Jules B. Garfunkel   of 990
 
Paul and All,
I think that those investors, who were waiting for lower prices on Intel, have now missed the opportunity. Barring the overall market conditions that is. For those of us who have patiently accumulated Intel, during this most recent dip, I believe we are about to be rewarded.

I continue to add to my IBM Put position, paid for by gains in Intel, over recent short term swings. I also continue to believe that buying IBM Puts is an excellent hedge against a steep market decline. However, as always I reserve the right to change my mind and to be completely wrong.
Regards,
Jules
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