Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Electric who wrote (33130)	1/14/1998 11:59:00 AM
From: Kevin	Read Replies (2) \| Respond to of 58727

>>>Do you have a MF read on if INTC will trend even lower? I might be tempted to get into a put now, but I feel like I might be too late...<<< Based strictly on MF, INTC could float lower to $73 by the end of the week, and quite possibly test $70 shortly thereafter if the Techs come under more pressure. I'd say the low based on MF would be $65, and fundamentals would support that as well. Even though I didn't have a positive outlook on their 'earnings surprise' like others did, i still believe it is a great company and would be a bargain at $65. I'd probably buy a boat load of leaps if we saw that level. >>>I would take 750 man, thats at least enough to make your car payment, right?? <<< I'm thinking about it. Market is sagging a bit and I see no reason for a late rally today...not after a 40 point rise in two days from Monday's low. I think we may see a selloff, and I'll grab a few extra bucks on this position then. See ya.