Intel: Short Term Stock and Option Trading/Strategies Message Board

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Technology Stocks : Intel: Short Term Stock and Option Trading/Strategies

INTC 37.24

-2.8%

3:59 PM EST

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To: Henry who wrote (72)	3/12/1997 5:42:00 PM
From: Nancy	of 220

today ML promotes INTC again and it fails to support the price - near term it will slowly drift down because there are still many believers and come in to buy the dips. But the buying is not as urgent as before when INTC was in an uptrend, thus you saw a drop of volatility. If you watch AMD simutaneously you see AMD has been utra strong, lots of INTC holders either switch positions or lighten up their INTC holdings and buy AMD to get into action and to hedge INTC's fall. INTC will not have earnings upside surprise - therefore there is no upward pressure in the price. At best,it would hold above 140. At worst, it would go to 120-130. It tested 140 again today.

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