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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (15315)7/15/1997 1:24:00 PM
From: Kevin   of 58727
 
>>>A few days ago m/f looked terrible on INTC and yet the stock did not decline and now it has turned very positive; <<<
Hi Tom. I'm getting something quite different...there is slight support from block MF today (extremely slight), but the non-blocks are dumping like crazy.

I hate to say this, but I have to disagree with Michael on distribution. It is rare that you see MF 'catch up to' a stock's rising price while watching MF on a 1-month, 2-month, and 3-month basis. 1-week and shorter periods it's possible, but it is quite rare in the above time frames. Maybe Michael is only talking about current day activity. The stock moving against the current day MF is how the long term divergences form that I mention.

I still see a divergence to $70 ($140) and possible $65 ($130). It's weird to talk about INTC sub $100 :)

Good luck.
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