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To: Olu Emuleomo who wrote (74503)8/18/1999 6:38:00 PM
From: Jan Crawley  Respond to of 164684
 
INTC is overbought! It needs to rest.
I'm waiting for it b/w 69-72

You know that I have owned Intc for a long time and have learned a little--

The semi-equip stocks such as Amat are "one cycle" ahead of Intc.



To: Olu Emuleomo who wrote (74503)8/18/1999 7:42:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
INTC is overbought! It needs to rest.
I'm waiting for it b/w 69-72


Olu,

We are on the same track. I wrote covered calls strike 70 on my INTC shares. I believe I will let them be called away and buy back the shares around 70 again when the opportunity permits.

Glenn


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