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: Nancy who wrote (75)	3/12/1997 7:05:00 PM
From: jmac	of 220

Nancy, I disagree. I do believe that INTC will have an earning's upside surprise. I also do not believe that people/investors are switiching from INTC to AMD. I do believe AMD has given investors something to be hopeful about and that is cause for the rise. Please note NSM and MU have risen dramatcially also. I don't think you would argue that INTC money has flowed out and into these stocks. The buying appeared pretty urgen today at 2:50pm (CT). I was typing an e-mail to one of our participants and INTC was at 140 1/2 and before I culd finisht he message, it was at 143 1/4. So far, downside support at 139-141 or 142 has held pretty darn good. IMO, INTC stays between 138-147 prior to expiration and probably not above 145 at close on expiration. After that, I expect much better movement for INTC. All of this is based upon no Fed action on 3/25 and no major surprises.

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