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

To: Chris Carlson who wrote (71062)	1/12/1999 2:16:00 PM
From: Jim McMannis	Respond to of 186894

The current correction is mainly technical in nature. Started yesterday and confirmed today at 142 and change... My intermediate term overbought indictors are correct over 90% of the time. To: +Ibexx (70946 ) From: +Jim McMannis Monday, Jan 11 1999 3:59PM ET Reply # of 71063 Oops, hit an intermediate term overbought level at 141.375. Not surprising Intel has pulled back a little... Jim

To: Chris Carlson who wrote (71062)	1/12/1999 3:33:00 PM
From: ken whited	Respond to of 186894

I agree, Hopefully Intel will blow the numbers out the window. But whatever happens, I purchase options today. I'm doing a straddle with Calls and Puts. I purchased Puts (SELL) with a strike price of 130.00 and Call (BUY)with a strike price of 145.00. So if the stock moves in any direction I making money. The stock needs to move 2.00 to cover one of those positions. Best of luck to us all. Ken