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

To: Sonny McWilliams who wrote (44083)	1/6/1998 2:28:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 186894

"This TA looks like a work of art. Makes you think you have to look at nothing else. ;)" Actually, that's about what I concluded when I jumped into INTCW at 51 the other day. (I could kick myself for the point or so I missed, though. :) ) Here was my reasoning: without INTC, any tech rally (and perhaps any market rally at all) would probably fail. INTC would be a necessary component of a meaningful Santa Claus rally. INTC is less volatile than most of the stocks that I trade, and in case I was wrong, I would be putting more at risk trying to pick other stocks. Why not just go with the horse that the other horses are watching? And, anyway, picking INTC means a lot less work, at least for a couple of weeks. Although I seldom trade INTC (or INTCW), an INTCW tick chart (er, time-and-sales chart, really, showing bid, offer, and trade lines) has a permanent place on my real-time charts. It is the only single stock chart that I've afforded that "privlege" and I always glance at it along with market indices and the TICK, TIKI, and TRIN, before making ANY trade. I suppose, then, I must be developing at least some "feel" for how INTC trades by osmosis. :) If I get the 10 points which is my target (which will require that INTC go to around 80), that will be about a 40% return (on INTCW on margin) in a very short period of time (perhaps only a couple of weeks). That's "good enough" for me, though that 10 points will be but a blip on the long-term chart. Incidently, I think the expiration of the warrants in March is going to be quite "interesting", but not for the usual reasons. These are so far in the money that it's unlikely they will have much direct effect on the stock price. However, the expiration will change the landscape somewhat for traders. Will some traders walk away from the more expensive INTC? Will INTC become a more-volatile stock, due to traders thirst for the larger % swings in INTCW? I don't pretend to know the answers - stay tuned and we'll see how it turns out...