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Strategies & Market Trends : Tech Stock Options

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To: Nancy who wrote (5386)2/5/1997 3:44:00 PM
From: Kevin   of 58727
 
Hi Nancy. To continue from yesterday regarding whether or not fund managers want to be in INTC... There were two trades within 2 minutes today both sells. One was 340,000 & the other was 350,000. If you ask me, that was the same fund manager, or institutional investor dumping $107.8 million worth of INTC. They realized it was overbought and their current position was TOO heavy.

BTW, I can't remember the last time I saw 8 trades of 100,000 shares or more on INTC in the same day.

Just a point to ponder.

BTW, today I'm going to close out the calls I'm short on INTC. I'll still hold my April puts though...

Take Care.
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