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Strategies & Market Trends : Tech Stock Options
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To: j g cordes who wrote (27636)11/1/1997 7:48:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Well, my gut reaction to your remarks is to look at the market reaction to INTC.

One of the rallying points in the market in general and INTC specifically is the announcement that INTC was to have a repurchase program.

yes? no?

But it was a fakeout, was it not?

In fact....INTC already had a repurchase program in place, this became evident after the phony rally. There was no new repurchase program.....how much manipulation was that?

No....all I refer to is the routine business of writing puts in the course of a buyback program to facilitate the repurchase of shares in accordance with publically stated objectives.
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