Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (6239)	2/19/1998 9:14:00 AM
From: jmac	Read Replies (3) of 42787

Wellm it is times like this that I didn't know too much about options I would have never guessed INTC moving passed 85 prior to Monday. The open interest on INTC Feb 85 calls was just too great. WRONG! Now looks like INTC will close near 90 tomorrow and I now believe we will see a visit to the old highs in the next 4 weeks. I am buying more calls on INTC. I bought 5 calls on DELL yesterday in anticipation of a number that had to be better than what HWP put out. HWP disappointed and still went up. Unfortunatley, I have 16X more INTC than DELL. By the way, do you know when the INTCW expire. It is some time in early March and my holdings in INTC are INTCW (W=warrants). With respect to more 4 weeks precdictions. DOW between 8900=9100. This is definitely a new bull leg and won't stop until 1st Q earning's warnings start flowing. DELL around 130. CPQ will move after expiration and will re-test old highs around 40 and probably catch up with DELL's move. This leg of the bull will be/is being driven by techs and drugs.

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