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Technology Stocks : Intel Corporation (INTC)
INTC 48.83+0.1%3:19 PM EST

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To: Joey Smith who wrote (10300)2/5/1997 11:01:00 PM
From: jmac   of 186894
 
I am looking to buy my calls back (calls covering INTCW) when/if INTC approaches 151-153. I am looking to sell the IBM puts when/if IBM returns to 146. I will sell my OEX puts when/if DOW gets somewhere around 6600-6640. I will buy back COMS when/if it gets between 51-53.

I am looking at buying CSCO if it gets back to 60 (I think I missed this one) and I will be buying SUNW at 32 (good chance for this tomorrow, I think).

I do think that Friday's numbers will not be market friendly but I think by the time they come out, they will be factored into the market already.

In my opinion, all of the above becomes a problem if DOW falls below 6600.
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