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Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%3:59 PM EST
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To: MichaelW who wrote (38979)11/5/1997 12:46:00 PM
From: broken_cookie  Read Replies (1) of 186894
 
Michael,

Your post bears a remarkable resemblance to the originator of the thread. :)

Support at 75 is holding today. Ferocious support exists at 70 and again at 62.5.

I'll re-enter INTC 1/4 position at 75, 1/2 at 70, and ? from there. That's the paln for now anyway.

Longterm, holders of shares will be fine. Leveraged positions such as INTCW or LEAPS have been hurt worse. Short term options holders have been crushed.

Regards

PS I hate the idea of a L2 cacheless P-II. Had a P5-60 with no L2 once; vastly slower than 486-dx266.
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