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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Paul Engel who wrote (6734)12/20/1996 5:16:00 PM
From: Barry Grossman   of 186894
 
Thanks for that great news on all fronts. I'm one of the non-hibernating bulls. Having missed getting in earlier in the week and wanting to add to my holdings, I was waiting for today's dip with baited breath. I think this is the last dip until we reach new highs.

I was looking for a break on the runup in the last few days. My stong intuitive feeling is that Intel will surpass all expectations on 1/14. Based on my optimism and on my personal analysis of the next 30 days, tempered by all I have read on this and the Silicon Investor website, I made a 1400 gamble and bought 11 Jan 160 calls today @ 1 1/4. Also picked up 200 INTCW @ 96 to add to my core holdings.

My previous little gamble was 4 Jan 130 calls a month ago @ 4 3/8 and still holding. INTC was 120 then.

I don't expect it but, here's hoping for a 10 point/week rise by 1/17/97.

Regards,

Barry
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