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Strategies & Market Trends : Z PORTFOLIO

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To: Ron McKinnon who wrote (1545)4/7/1998 12:07:00 AM
From: DanZ  Read Replies (1) of 11568
 
PAUH Call options, INTC.

Ron,

I can't remember how to get quotes on options with Interquote. I think you have to put a ; (semicolon) in front of the ticker symbol. PUQDV closed today at 0 x 1/4 so I guess we should use 1/4 as the closing price since we are short.

Thanks again for keeping up with the books.

Insider,

On INTC, I don't worry too much about news per se but I do worry about how a stock reacts to news. Stocks don't move in rational way most of the time and you can be lead down the wrong path by taking action based on what you think should happen rather than what does happen. Many times, bad news brings a stock down to support and it holds. INTC closed just below the lower daily bollinger band today, and if it's down again tomorrow I think the risk is to 68 or 70. I don't want to hold it with that much downside risk, so I'm placing a stop order on our 500 shares at 73 1/8.

I'm out of town right now, so consider us stopped out of INTC if it trades at that price tomorrow.

Dan
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