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To: Mary Cluney who wrote (61227)	7/27/1998 4:26:00 PM
From: Mary Cluney	Respond to of 186894

Craig, Bravo Correction (and closing update). I wrote:>>> The Aug 85 Calls at 3 1/8 and Aug 80 Calls at 6. It is now 5 1/8 and 8 1/8 respectively. <<< Those were the Sep Calls. The Aug 85 Calls were 1 13/16 and Aug 80 Calls were 4 3/8. At closing they were 3 7/8 and 7 1/2 respectively. Terrific Call. Mary

To: Mary Cluney who wrote (61227)	7/27/1998 6:55:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 186894

>> How did you know? or was it just good luck? << Just dumb luck. <g>...Anyway check this post out. exchange2000.com You can ignore all the other stuff but scroll down to the part I posted about INTC. Look at the nasty headlines they got in Jan 1996 when they missed estimates by 11 cents. Even with the earnings miss and guidance of a flat quarter ahead, that horrible earnings report marked the EXACT bottom for INTC going forward. Here is a chart showing INTC bottoming in Jan 1996 quote.yahoo.com The stock quadrupled in less than 2 years. That example is proof that the outlook doesn't have to look perfect when the stock bottoms, you have to anticipate the rebound. Here is a post from this very thread the day of earnings on Jan 17th 1996. Wall Street Journal headline: "Intel Report Confirms Investors' Worst Fears" exchange2000.com Anyway, INTC looks good technically and it has been holding up well during this sell-off. I bought it for that reason alone. If the Nasdaq can drop 120 points in a week and INTC remains flat I have to throw some money at it just out of respect for the strength it shows. But more importantly, I could smell a rally in the market today from a mile away as soon as I heard that Barton Biggs was calling for a bear market! It is simply impossible for the market to slip into the apocalypse when Barton Biggs tells us it will! (Heheheh). Also, I laughed when CNBC mentioned there were rumors of Soros being short the US market. What a joke, somebody spread that rumor so they could do a little short covering. >> Let us know your next moves, please. << I'm inclined to buy more INTC although I have plenty for now. INTC is my #1 pick right now along with DELL. C$CO really made me mad today by lagging in the rally so I doubled down on some C$CO calls too. They report Aug 4th. Rumors of a stock split should help. Sold my M$FT calls at the end of the day, don't see a lot of upside potential there near-term. TLAB is another favorite, it looks GREAT.