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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: X Y Zebra who wrote (6666)3/9/1999 10:23:00 PM
From: Shafik Habal  Read Replies (1) of 12617
 
INTC looks attractive. Let me draw on a few points. 1) INTCs SVP for Sales coming out Friday and clarifying that the new Pentium III sales are actually a bit ahead of schedule. 2) Bear Rumors also defy the INTC anaylst axe's opinion (Edelstone at Morgan Stanley) who said he isn't buying the rumors either and called INTC a screaming buy at this level. 3) Dan Niles (BancBoston Robbie Stephens' chip analyst) says he doesn't buy the rumors either. Recall please that Niles was the first to come out and downgrade (accurately) DELL on slower revenues this past quarter. 4) When these rumor-driven bears are proven wrong they will have to cover their shorts, which will put tremendous buying pressure on the stock. Let me close with a minor note of caution: INTC has become extremely volatile. In fact, this stock's volatility is more like what DELL used to be (as far as intraday swings).

Final note: As a disclosure I would like to add that I am currently long INTC (so you don't think i'm blowing smoke) and I have both common and call positions (April 120s, INQDD and Oct 120s INQJD ). I will briefly explain my rationale: stock splits (april 12) then they report (2 days later) and then the april options expiry (following week) is all about the same time. This doesn't mean I am correctly playing this, who knows if I'll be right or wrong....time will tell. Good luck with however you decide to trade INTC.
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