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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: up3up4 who wrote (27893)	11/5/1997 3:07:00 PM
From: Kevin	Read Replies (1) \| Respond to of 58727

Hi Alex. Nice to hear from you. Yes. I'm still in Apr 80 calls for CPQ. I still think this is a fantastic opp. I like INTC long term (of course...not many people don't), but I'm not too comfortable considering short term options....Nov or Dec. INTC broke below it's 200 DMA with the big sell off of the market last week (like many stocks). It then rebound up and over its 200 DMA but has since retreated back below it again and remains there for 5 full days now. And this is when the market has pretty much re-gained what it lost over the last two weeks. I just don't like it right now for a short temr pop. Apr calls might not be a bad idea, but you have to decide if you want to pay those premiums or not. Take care.