Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 39.25

-3.7%

11:30 AM EST

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To: Paul Jamerson who wrote (35595)	10/14/1997 6:35:00 PM
From: tradesman	of 186894

<<<<<No I think Intel will trade in a range of 84-88. Let's face it the quarter was not up to par. Nothing will happen until things pick up, PC sales or higher ASPs. That probably won't happen for a several months. >>>>>>> The put ratio was (I think) something close to 2 to 1. Those people selling puts are not going to let the price go below 85 (and pay against the puts) and probably not below 88. I still think they will have to buy to protect their position and drive the price up or at least hold it at 88. The put sellers are not going to let it go down. I think INTC will close above 90 tomorrow. Besides, the news is not that bad nor does the future look bad.

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