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Technology Stocks : Intuit -- What's Its Future? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (899)	1/3/1998 6:45:00 PM
From: Matt Webster	Read Replies (2) \| Respond to of 1546

Seasonality in INTU Chart? I've noticed that there seems to be an historical pattern of a runup through January or February, followed by a STEEP drop off the rest of the Spring/Summer. I expect this is a function of front end loading of Quicken (a favorite holiday gift and OEM bundle) and Turbo Tax's April deadline. As March/April wears on, the channel unloads, revenues stall and earnings follow. Is this pattern something anyone has tried to exploit? I'm thinking of opening an option spread -- 4x Apr 45 puts, 2x Apr 40 calls. I am protected against any big move. Anyone have a comment on this strategy? Thanks, Matt