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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: John Ritter who wrote (3291)	4/14/1998 11:01:00 PM
From: DanZ	Respond to of 6565

Intel reported diluted earnings per share of 72 cents after the close today and their stock was up 3 to 79 in after hours trading. This may help VLSI tomorrow. I have been trying to cover my short call position this week but am having trouble getting a fill below 1/4. I had an order in to buy 110 contracts at 1/16 on Monday but only got filled on 10 contracts so I'm still holding 100 contracts. I didn't place the order today because I didn't want to get another partial fill. The specialist was asking 1/4 but a customer placed an order to sell at 3/16 and the spread moved to 1/8 x 3/16. The only problem is that Ameritrade wouldn't call the floor to tell me the size at 3/16 and I didn't want to get filled on 5 or 10 contracts. Depending on how the stock trades tomorrow, I might just cover at 1/4 if that is what the specialist is still asking. Technically, the stock looks very good and I think they are going to beat 11 cents. Support is at 18, daily resistance is at 19 1/2, and weekly resistance is at 20 and then 24 1/2. It is likely that the stock will gap over the resistance at 20 if they beat 11 cents. Dan