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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (85706)7/14/1999 5:23:00 PM
From: Alok Sinha  Read Replies (2) | Respond to of 186894
 
I kind of agree with you (and Dan Niles' views) even though I have a long position- To hedge aganist a short term sell-off, I bought a ton of 65 puts today at an 1/8th.

Today's action in Intel and tech stocks appears to be driven by short covering in some cases, but the fact that all analysts(except Niles) were pounding the table after a fairly significant miss indicates the general fear of a widespread tech sell-off in the investment banking community.

Alok