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Technology Stocks : Intel Corporation (INTC)
INTC 36.16-0.5%9:30 AM EST

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To: Petz who wrote (39497)11/8/1997 2:02:00 PM
From: Gary Kao  Read Replies (1) of 186894
 
Do you know WHEN those $90 strike price puts are exercisable? If so, perhaps this offers a sure way to make money. As you know, companies have ways (both ethical and unethical) to influence the stock price. Why couldn't Intel sudden announce "Good news!" just before the puts exercise date occurs to drive up the stock price so that perhaps the puts would expire worthless. The news could be as trivial as "bump in SE Asian CPU shipments" or "great yields" and given the pessimism rampant these days any good news could have a tremendous effect. I don't think such manipulation would bring a risk of lawsuits, as shareholders are NOT irate when the stock price goes up!

Gary
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