Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

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To: L. Adam Latham who wrote (165733)	6/4/2002 1:01:27 PM
From: kapkan4u	Read Replies (1) of 186894

<Are you going to trade on the INTC mid-quarter update? If I remember correctly, last quarter INTC rose in the days ahead of and immediately after the update, then fell off starting the Monday after the update. Do you think this is predictable enough to sell covered calls Thursday or Friday (for wimpy me, or for you to buy a new put position)?> It is widely expected for Intel to lower the revenue guidance. I think that they will reaffirm, but the stock action would depend on the Thursday's close. If it's under $26 it may rally for few days to the $29-$31 range; if it's around $28 then there will be no rally. In either case I expect it to resume a slow decent into the low twenties into the earnings report. Kap PS. The ugly action in the DOW may scramble the above scenario. The last bull's hideouts are being taken to the woodshed and shot one by one. Today we have the autos. Housing, pharmaceuticals and raw materials are next in line.

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