Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.07

-3.2%

3:59 PM EST

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To: James Young who wrote (49388)	3/4/1998 5:59:00 PM
From: Sundar Rajan	Read Replies (2) of 186894

>>All - Will tomorrow be a repeat of last June when INTC preannounce that they would not meet earnings and the NASDAQ gap down only to rally? Does anyone remember the details of that day( i.e how bad the numbers, analyst upgrades, etc...)? >> I remember last june because I had bought July 165 calls the day before. It was a friday before market open - INTC opened at 138 (I think) from a previous close of 162..Bargain hunters brought price back up to 148 or so.In the next few days it went up to 155 and then drifted all the way back to 140 over the next few weeks. Traded between 140 and 150 for about a month. Then in July (my best ever options month), after I had loaded up on options INTC went from 140 to 200 (100 post-spilt). Funnily enough I almost broke even with my July 165 calls that had plunged 90% in 1 day.

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