INTUIT! Any Info or Thoughts.... Message Board

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Technology Stocks : INTUIT! Any Info or Thoughts....

INTU 635.53

-1.8%

3:59 PM EST

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From: Heinz Pohl	2/23/1996 5:12:00 AM
	of 79

Bill At the time I wrote that comment the Technicals seemed to be in place for that time for a test of its former lows. The last couple of days have seen a considerable uptick and you would be wise to average up your position during this rise. My option scaning program picked up a buy on intuit 4 days ago. This quick jump will eventualy peter out as the rise is too fast for the underlying fundamentals. A 20% rise in less than a month usually ends in some form of correction and if you think that this is a great long term hold at least discuss a covered call writing stratagy with your advisors to reduce your holding costs. If you want to buy more cheaply you can write deep puts,( 75 march put at a premium of atleast $3.00), which would reduce the intial cost of ownership and allow you to hang in there when the possition comes back. This market rally is largly a result of short covering and technical bounce conditions that normally run for 3 to 6 days. If the price rise holds for 14 or more you have a bonified promotion on you hands. Set trailng stops to ensure your gains.

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