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Politics : Idea Of The Day

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To: Hawk who wrote (10469)	10/2/1997 2:25:00 PM
From: Sundar Rajan	of 50167

Hi guys - couldn't resist commenting on INTC. Last quarter I loaded up on INTC calls on July 2 exactly the day before it started its big run-up and as it turned one of I had my most profitable option trading month ever. INTC was trading in a narrow range 130 -140 pre-slit before then, INTC had pre-announced a bad quarter and everything was looking bad. This time INTEL haven't said anything - just some rumours and it is trading in a narrow range again. I am hoping that there will be a runup to earnings, especially if one of the brokerages puts a BUY on it soon.

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