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Strategies & Market Trends : Tech Stock Options

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To: Pascal A. Mons who wrote (1978)5/23/1996 5:55:00 PM
From: Dave Lyall   of 58727
 
Dear Pascal,

I was looking to talk about IBM and Intel options.You seem to know about Tech options to a depth more than I do.I bought IBM JUL 115 calls a couple of days ago and the stock rose for two days significantly and has been losing a bit last two trading days.I still
think that the stock will leap atleast two dollars tomorrow and will head for 115 by the first 10 trading days in June.I think that Stansky ,the new fidelity Manager would consider IBM rather than Intel which has rose too far and is trading close to the 52 week high.So, I bought
today 50 contracts of Intel Jul 60 puts.However,after the market closed I brouse through the stock talk and found out that everybody thinks that Stansky would get into Intel.With the recent P/E I think that IBM is a way better bet.Intel will have it's correction as early as tommorow.It's just my opinion.Intel is definitely good for a long run but if we are talking about options which time frame is the most essential part I thing intel will loose some of it's gain soon.

ANY COMMENTS?

Feel free to criticize!

Dave Lyall
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