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Technology Stocks : Intel (INTC) Should We Buy INTC Now???
INTC 41.50+5.0%Oct 28 3:59 PM EDT
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To: Sonki who wrote (59)10/6/1997 5:56:00 PM
From: Brian Malloy   of 84
 
I would agree, 50+ is very doable this year.
Just reading what you said, I think you are saying that if after earnings stock goes down you will buy? If stock goes up you will wait a while to see if comes down then enter?

I think getting the longest calls available is the way to go. But I would actually buy at or even slightly (no more than $5) out of the money calls. Given that:
1. March (or even later calls that come available)is down the road
2. Where you think the stock can be by then (we will probably split before March the way things are going)
3. You get greater leverage
4. Also rather than buying outright now you get more time to watch and evaluate prior to putting out the big bucks.

MAR 30 goes for 15
MAR 40 goes for 9

Say you have $4,500

You can buy 3 MAR 30 or 5 MAR 40
Say VVUS goes to $60 by March

March 30 gives you $9,000
March 40 gives you $10,000

Say VVUS goes to $70 by March

March 30 gives you $12,000
March 40 gives you $15,000

And so forth and so on. In my own humble opinion. If one really believes they know the direction of stock move and that it will be a major move then don't get deep in the money calls or options. Based on risk tolerance back of from this more agressive position to one less bullish.



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