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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (8776)	12/6/2000 12:04:01 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Hey! I gave you the headlines yesterday :o) Run up should last at least 'till Thursday. FL SC will have a hard time saying that those votes should be counted again .. they are on notice from the US SC .. That should do the trick to get AG to cry "uncle." At that point there is a fork in the road. It could be "sell the news" time. But I don't think that it will be. Reason is, that it'll be the FOMC run up time. That all said .. the market could tank in the morning .. But I doubt it. I switched over to the calls yesterday when : A. the SOX was doing a giration that turned into a triangle on the 5min chart. B. INTC had moved up while this SOX triangle was forming. C. The SOX triangle broke to the upside. The INTC Dec 40 calls were selling for 3/8 .. put in the order to sell the puts at market. Calls ticked to 7/16 by then. Then put in the market buy of the calls .. Got'em at 1/2 .. Oh well .. still have powder left if it would be kind enough to pull back one more time .. Today they only (closed) went up to 3/4 .. BUT the bid ask are locked .75/.75 .. I read this as the market makers expecting to see the current move to continue. (They tend to widen the spread when they expect to see a turn.)