Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.35

-0.4%

2:45 PM EST

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To: Road Walker who wrote (168961)	8/2/2002 12:39:37 PM
From: kapkan4u	Read Replies (2) of 186894

<Who "scoffed"?> Well, there was a post from Tench that for me to make money INTC had to go to under $20. It did look like a long shot then with the market at $34. <But try to sell them back to the the MM, and I would bet he will lower that bid. Since you and he are the only ones interested, you would probably have to chase him.> Umm, this is not how it works. Anybody can buy my position. Do you think you sell your INTC to the same person you bought it from? <I'm just saying it's a low probability trade.> I said before its primarily a hedge not a trade. <Why didn't you hedge closer to the money, with fewer contracts?> I am forecasting that QQQs will trade in the $10-$20 range for the next 2+ years. 400 contracts at $20 and 1000 contracts at $13 is perfect for this range. Kap

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