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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (3256)7/16/1998 12:55:00 PM
From: Jurgen Trautmann  Read Replies (3) of 11051
 
Out of Intel - the first time of my life.

Sld 50 LNL-AD call exp Jan00 at 120 @ 6 1/8 (last time bot 4.6., avg. price @ 4 11/40, gain 40%, annualized return 346%)

Why? I'm anxious. Based on its own numbers, Intel is graceless overvalued. Second, today Intel could not hold his price by strong volume despite the most tech-positions were going up. This is for me a critical indicator.

Probably this is the start of a great Intel-rally, good luck to all staying in. :)

Happy trading!

Jury
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