Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.76

+1.3%

10:17 AM EST

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To: Autumn Henry who wrote (8684)	1/16/1997 11:48:00 PM
From: jmac	of 186894

I didn't get out like I said I was because, apparently, I was stupid. I didn't get out because I thought that the small gap up was a good thing not a bad. I thought that was going to be the best the bears could do. Boy was I wrong. I still made money but you hate to leave so much on the table. 149+ looks so much better now. I bought Feb calls but now I am of the opinion that we might be in for a several week long period of consolidation and that is a bad time to own calls (or even puts). I think 142 resistance may fall but then resistance at 138-139 should be pretty strong. If that falls, we could go back to the upper 120s and I would hate to see that. But then again, I could be wrong and INTC may perform like it should have after such great news after Jan options expire. I truly am stumped. Maybe some of the good news was in the stock already but not all fo the good news. This stock is undervalued based upon 1997 earnings. Maybe, evryone is now looking at 1998. I just don't know.

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