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Technology Stocks : INTEL TRADER

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To: Don S.Boller who wrote (1942)2/12/1998 2:31:00 PM
From: Gerald Walls  Read Replies (4) of 11051
 
I bought some INQCQ (March 85 calls) at 2-3/4 earlier today when INTC bounced off the bottom of the last gap at about 83. This was intended as a quick bounce play since I also own the stock and some LEAPS.

I figured that this morning's gap down followed by a bounce off the bottom of the previous gap argued that the stock was somewhat short-term oversold.

Did I do good? (Please say yes...)
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