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

To: VICTORIA GATE, MD who wrote (56479)	5/31/1998 11:44:00 PM
From: Joey Smith	Respond to of 186894

VG, still see intel hitting new highs in '98??? joey

To: VICTORIA GATE, MD who wrote (56479)	5/31/1998 11:50:00 PM
From: TTOSBT	Read Replies (1) \| Respond to of 186894

Victoria, Re: >"If the price breaks down to the low 60s you can rest assured the company will continue to buy aggressively, at a discount of about $20/share."< I do not quiet understand. Wouldn't Intel have to wait until the shares are PUT to them by the option holders? I gather you are saying the $80 strikes will PUT their shares to Intel if/when the price breaks down to low 60s correct? TTOSBT

To: VICTORIA GATE, MD who wrote (56479)	6/1/1998 4:04:00 AM
From: Dwight E. Karlsen	Respond to of 186894

vg, do I have this right: So essentially INTC is not only going to be buying a lot of stock by having it "put" to them, but they are averaging down on their own shares with further put selling and stock repurchase actions. Considering that their considerable buying efforts will help support the price, not a bad deal from individual investor's perspective. So I guess the question to ask one's self is, are you willing to put your money on the same side of the bet that Intel is on. I have to say already that your call on May 16th of "15-18 days" to go long appears to be an incredibly accurate call. I'm impressed, though I remain in the dark as to how you came to your rather specific conclusion on the timing (not asking either, though I'm certainly happy to get a private message from you). But seeing the leg work you have done in actually reading and closely analyzing the most recent Form 10Q; all I can say is, good job. PS: I vote for Victoria Gate, MD as the official Intel MTM (Market Timing Maven). The PSFT thread has an MTM (which got a new owner recently), so why not Intel.

To: VICTORIA GATE, MD who wrote (56479)	6/1/1998 6:17:00 AM
From: Francis Chow	Respond to of 186894

<So...INTC is hedging its bets a little, with its most aggressive puts so far at the $69 level. Apparently the company believes its stock may break through that price on the down side> Am I missing something, or doesn't one write puts when one expects the stock price to stay above the strike price?

To: VICTORIA GATE, MD who wrote (56479)	6/1/1998 11:00:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 186894

VG Re:"at exercise prices ranging from $69-$95 per share" INTC right now trading @ 68 9/16. That means that every one of the puts that Intel sold are in the money. So far this year Intels liquid assets have fallen from ~13 billion to ~ 5 billion. I believe this is due to losses related to options of various types. My question, at this time, is how much loss does the current stock price represent to Intel? Any idea? Will this deplete all of the companies cash reserves? Gersh