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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (2956)	5/30/1998 12:53:00 AM
From: Gersh Avery	Read Replies (1) of 11051

Hi Steve .. I think, years ago, I lived in a place in Freeport with no AC. Don't think that I could do that today. Had a lot of fun tip toeing through the paddies looking for those funny mushrooms :o) tea anyone? Texas cattle can produce such wonderful side products.. INTC .. I mentioned it before, then dropped the subject .. If they follow the same pattern as the last time then I would expect a sudden burst of puts that materialize. This would be the level that would be for the support line. There may be two or 3 layers of puts laid out as a safety net. When these show up they will probably be priced below what the Black Sholes (however you spell it) method would say they should be priced. I think that the stock price will hit the safety net level, bounce and then return to try the support again. Could be good for a quick scalp. Whatcha think? Gersh

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