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Technology Stocks : INTC -- Ignore unavailable to you. Want to Upgrade?

To: Jules B. Garfunkel who wrote (848)2/5/1998 12:45:00 PM
From: Gerald Walls  Respond to of 990
 
Has anyone noticed that the spread between INTC and INTCW has been narrowing lately. One would have expected, at this point in time that the spread would widened to approach $20.87. Yet, currently it is less than $1.00.

What do you mean? At Yahoo I see

INTC: 87 15/16
INTCW:67

There's your 20 7/8.



To: Jules B. Garfunkel who wrote (848)2/5/1998 12:52:00 PM
From: Jules B. Garfunkel  Respond to of 990
 
All,
Errata to my previous post.
My, "Yet, currently it is less than $1.00.", should read less than $21.00, not $1.00.
Jules



To: Jules B. Garfunkel who wrote (848)2/6/1998 10:21:00 AM
From: Richard Forsythe  Read Replies (1) | Respond to of 990
 
Jules,

The short interest in INTCW seems to be about 700,000 (according to one web site) -- about 1/2 a day's trading volume. That seems rather low to bring about a short squeeze (and it has dropped considerably over the last month).

I noticed Intel expanded their buy-back to include INTCW -- perhaps this will add to the 'squeeze' probability.

Do you still think a squeeze is in the cards?

Richard


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