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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Night Writer who wrote (39159)11/6/1997 11:18:00 AM
From: Jeff Mills  Read Replies (3) | Respond to of 186894
 
What a difference a year makes.

Intel now has corrected 27.6% from its 52 week high. Still sells off everyday. I would suggest techs have entered a bear market.



To: Night Writer who wrote (39159)11/6/1997 2:49:00 PM
From: Joe NYC  Read Replies (1) | Respond to of 186894
 
NW,

The real point, do you think INTC will be below 85 in Jan 1999? 75 at the worst? I don't think so. So I don't this is a high risk play in my mind.

When I started responding, I thought your expiration was 98, because you said something about selling stock in Jan 98. Then I realized you were talking about 99, and I didn't feel like dumping my post, so I posted it anyway.

With 99 expiration, it has a much better probability of being a profitable trade.

Joe