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

To: Erwin who wrote (56027)	5/23/1998 10:06:00 AM
From: Glenn D. Rudolph	Respond to of 186894

INTC: DEUTSCHE MORGAN has reiterated estimate for fiscal year ending 12/98 of $3.20 on 05/21/98 INTC: NATNBK MONT.SEC has reiterated estimate for fiscal year ending 12/99 of $3.62 on 05/21/98 INTC: NATNBK MONT.SEC has reiterated estimate for quarter ending 06/98 of $0.71 on 05/21/98

To: Erwin who wrote (56027)	5/23/1998 10:30:00 AM
From: Dave	Read Replies (2) \| Respond to of 186894

Erwin: RE: "As an aside, I see where there are over 20,000 open interests in July 75 puts. It might be a good idea to stick a couple in your pocket before the next earnings announcement and while the stock price is so close to the money." I don't understand. People had to sell those puts and, therefore, believed Intel would be above 75. I consider that a bullish sign since the people who sold those naked 75 puts have to cover, or puchase, Intel at 75 if Intel goes lower. Furthermore, if you are a long term investor, buying puts really does nothing for yourself. Many books on Options trading strongly urge people not to purchase protective puts. Good Luck dave