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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%Nov 25 3:59 PM EST
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To: Barry A. Watzman who wrote (26330)7/13/1997 2:53:00 PM
From: Hugh W.   of 186894
 
Regardless what INTC close on Monday, there are alot of chance INTC will pass 80 mark. Here are the reasons. 1) On split day, it create alot of buying opportunaties because the stock gets cheaper. 2)Since more people buying, stock will go up. some short sell people may cover their short position and come back short it again after earning. 3)People are not 100% sure what INTC's earning going to be, not only long people worry about it, short people also worry about it. Short people may cover their position and wait to short it again after earning. 4)There are likely that people open new short position unless INTC sky rock before 15th close. 5)Experienced long people will not back out until the last hour on 15th. They want to capture the profit as much as they can.
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