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

To: Gersh Avery who wrote (2500)	4/21/1998 1:07:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Gersh; RE:" Open Interest " >have you ever plotted INTC option open interest ? No, Gersh - but I have seen it on the WWWeb before, so I'm sure a search will turn up sources for that. I usually just scan the list of open PUTs and CALLs on the CBOE, like Jury does. >I think that when he goes into a fall Intel determines a stop point, sells puts, buys calls, buys stock. This causes fall to stop and a minor retrace. Possibly selling purchased stock on retrace... Yes, that's what they do, Gersh - they usually buy stock by selling PUTs. And although their financial people monitor the stock prices, they obviously have no qualms about letting it gap-down sometimes, in abrupt fashion. But note also that they buy stock on a more-or-less regular basis, spreading it out over time. I would not go so far as to say that INTC's buyback program is stopping falls and causing retracements, though; I see those effects as more or less natural market forces that are evident in almost all stock prices. >looks like the Japanese may have done something right (for their market) .. the yen, she wants to stay home just a little bit more than before... the dollar wants to skip town .. futures say we're goin' up in the AM .. but what about liquidity???? Very quick stalled rally then small pullback ? You're getting quite a good feel for the ebbs-and-flows of the market, Gersh - and I especially enjoy reading your private and public posts about the correlations of currencies with the equity markets. >BTW I must beg forgiveness from this thread .. last Friday I was in the process of watching about 30k go out the window (along with a urge to follow after it). I was a bit sharp with JT .. sorry JT. Gersh, everybody here understands the tensions of trading stox - we all get a little sharp sometimes. I guess that's why we perhaps over-compensate here with a lot of silly humour; this thread is a good release for me, at least. Other day I had a nice position of 2000s IDC @5-7/16, and it started to move up... so I raised my STOP to 5-6/16, following it up (I run tight STOPs on these little guys). Last 40 minutes they shook it down and took my position :-( Today, it did what I thought it would do, ran up over 6-1/4. I was pissed and chewed some poor sap out on some other thread that shall remain nameless, for some minor thing, and I regret it, of course. But we'll move on. Now my little fella is 2500s FIBR @ 4-1/4, but he's just a spinning top, so far (^_^) Keep up the good work, Gersh. Here, you can have my funny hat. -Steve