Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.48

-3.6%

3:59 PM EST

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To: Steve Fancy who wrote (4583)	10/26/1996 9:06:00 AM
From: P.Prazeres	of 186894

Check out Barron's story on the UNLIKELYHOOD of a "democratic sweep". The market is likely to resume its upward trend as we head fro the end of the year. INTC completely sold off in the final hour of Thursday and Friday after being bought up during both day. Also, I looked at some of the options activity on INTC. The Jan 120 Calls were bidding 2-1/4, asking 2-1/2 at 4p.m. yesterday with approximately +/- 220 contracts traded with its last trade at 2-1/2. By 4:30 p.m. , the bid was 2-3/8, asking 2-5/8 with 322 contracts traded. The final trade at 2-5/8. Although, INTC may be vulnerable down to 104, I think that the end of the day selloffs are giving people some great opportunity to get into some of the calls at great prices. If it wern't for the Prop 211 crap, Intel would have more than likely released something about how they are handling demand for the quarter. I think that if the demand is as strong as is perceived, then they will blow out the 4th quarter and the 1st quarter also. Once again, buy on the dips. Paulo

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