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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (111)	1/19/2000 5:00:00 PM
From: Steve Lee	Respond to of 30051

OK, the MSFT calls are worthless with 2 days to go till expiration. Will wait for MSFT to find a bottom and get some more, maybe Feb or maybe further out. Sold a load of INTC stock. Was just above the days low of 100 1/2 with little buying showing up to support it. Indeed it went lower to 99 7/8 and closed at 100 1/16 and looks like it might fill that gap down to 90 (an excellent buying opp if that should happen). Bought a great big load of PCMS at 13 7/8, as it had just broken out. Overall, these were 2 of the largest deals I have ever placed in my life as INTC was a massive percentage of my portfolio value. I will be buying back more Intel if it breaks out or finds solid support. Still have the INTC Feb 105 calls so I won't miss out on any unexpected INTC rally.