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

To: Mary Cluney who wrote (76085)	3/10/1999 8:37:00 PM
From: t2	Respond to of 186894

Mary, Good points. There is little doubt even among respected Intel analysts--- that Intel will not warn. It is apparent from the move in the stock today that people are realizing it. Seasonally slow period anyways. The best buying opportunities are now. Can't imagine this stock below 90 split adjusted by the end of the year.

To: Mary Cluney who wrote (76085)	3/10/1999 8:48:00 PM
From: Fred Fahmy	Read Replies (1) \| Respond to of 186894

Mary, <But, what baffles me, is that even if the market were to crash next week, most of these people will not make any significant amounts of money.> How do you figure that?? Many of these bears (and perm-bears) have large leveraged short positions (i.e. puts) which would yield tremendous returns if the market were "to crash next week". If you have any doubts, just go visit the shortie lovefest over on the Ask Michael Burke thread. I thought I have seen you over there?? You should know that there is a lot of money betting on a significant market drop. <They are now joined by Bill Fleckenstein.> What to you mean by "now"?? Fleckenstink has been preaching his tech stock gloom and doom message for many many YEARS. FF

To: Mary Cluney who wrote (76085)	3/10/1999 8:53:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 186894

One shouldn't minimize the options plays and clues the bears provide I'll use share equivalents: 1,313,900 shares bet that Intel will close below 110 next week Friday. 1,221,100 shares bet that Intel will close below 115 1,381,800 shares bet that Intel will close below 120. The Put/Call ratio on expiring Intel options is nearly 1/1 --- heavily weighted to the down side. Normally most open interest in on the call side. The professional Bear fund managers may have some clues in their pronouncements as to how heavily the stock has been shorted as well in anticipation of a decline. At some point when the rumors of a preannounce appear quite dead, those who shorted the stock may rush to cover and fund managers may rush in to fill their inventory of INTC back up. An awful lot of managers were caught flat footed when Intel dropped like a stone. They didn't get out of their positions early enough --- in the 120's and 130's. Some of them probably got out in the teens expecting the heavily negative mood would push the stock even lower below 110. Also on the bullish side is the wonderful opportunity the options writers have to pocket some heavy 125 and 130 Put premiums by moving the stock up closer to expiration. On balance I see a lot of positives in the stridently negative rumor and buzz.