Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (6366)	10/15/1997 5:30:00 PM
From: Richard J. Byrd	of 94695

Bill: << Here's a question for you... do you think people will "buy the dip" for INTC? If so, better plan on getting into calls soon. >> - - - - - The history of the previous earnings warning that caused a fall-off in INTC earlier this year was followed by record levels of the stock. This time, however, INTC was much more reserved as to future expections. Will the bulls jump back on the INTC bandwagon? I don't think so, unless the general market continues at its recent rate of exuberance, which don't believe is going to be the outlook for the next six months. In summary, I believe INTC go up slowly to 100 if the market continues to be up, but it will be flat to down if the market gets locked in a 7800 - 8100 trading range. BWDIK - I just made a terrible call on INTC. And my spread was such a great idea until I legged out early. Dick

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