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

To: Mark Sanders who wrote (56386)	5/30/1998 2:32:00 PM
From: Ben Antanaitis	Respond to of 186894

Mark, That is correct. Max-Pain is a secondary effect ie external forces like news releases, earnings reports, momentum, Greenspan, a nuclear war, etc will tend to swamp it out.... but when those forces aren't there, like momentum was for DELL, the stock price seems to tend to drift toward the Max-Pain point. In DELLS case, I think in May institutions picked up the calls and also got the shares on the cheap.... now they are selling them off and DELL is retracing it's climb. The thing to consider for INTC is what forces are in effect now for it? Will those forces be there in three weeks. The open interest curves can shift over the next three weeks. We'll just track them and see. Ben A.