Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: TATRADER who wrote (612)	1/12/1998 5:18:00 PM
From: WBendus	Read Replies (2) of 18691

Mark, Looks like INTC is sitting right on a neck line of a head and shoulders pattern. Downside target looks to be in the 50's. Earning announcement this week might just be the catalyst to knock it. I strongly suspect that even if the company does make its numbers, they will warn of continued slowing of demand. There is also the CPQ/AMD deal that was announced in the past week or so which could cause some inflated concern over competition. Bandwidth is not there to support INTC's higher speed PC chips. I am currently thinking about a straddle on the January options. PUT for a bad earnings announcement and a call for a very short term bounce. Wayde.

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