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To: Brian Hutcheson who wrote (1959)11/5/1997 1:34:00 AM
From: Investor A  Read Replies (1) | Respond to of 6843
 
Brian,

To hedge the stock market crash, INTC puts are more affordable. INTC book value is $10.44 while half of them has to be depreciated from book in the next 8 quarters.

If Intel could not move their ASP over $300 in 1998/1999, these depreciate bill will destoy their profitability and earnings. With the introduction of MXi from Cyrix, the only market that Intel could keep is "servers". Even worse than today's SIII, INTC should bottom below its book value. The volume of INTC and shareholder number will make the case even much worse when its correction happens.



To: Brian Hutcheson who wrote (1959)11/5/1997 1:43:00 AM
From: Investor A  Respond to of 6843
 
Brian,

Talking about INTC put, I would like to draw your attention to INTC Jan62.5 puts.

I have witnessed a 2,000 contracts @5/8 order two days before the black Monday. The smart money is still there, awaiting to be rewarded much much more. I like penny options! :))



To: Brian Hutcheson who wrote (1959)11/5/1997 1:44:00 PM
From: DRBES  Read Replies (1) | Respond to of 6843
 
I just spoke to a salesman at Logisys about the lack of availability
of K6-233 parts. He says that he heard that Compaq or some other very
large OEM boxmaker has sign a contract with AMD and that AMD is having
difficulty keeping up with the resultant demand on their resources. I
do not put a very high value on this rumor or I would already have
used my childrens' school shoe money to buy additional calls and
shares.

Regards,

DARBES