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

To: Steve Fancy who wrote (76579)	3/17/1999 2:51:00 PM
From: Paul Fiondella	Read Replies (1) \| Respond to of 186894

Steve what do you make of this market? The stock keeps wanting to go up and everytime it approaches its high it gets beaten down. The way I see it the market is wrong about INTC. How could you justify rotating your money out of INTC at this price into the Blue chips of the Dow? I guess the market will be right until someone with bucks provides leadership for the market to follow. =============== I would have thought a triple whammie could prevail here. Market Makers buying cheap calls with brokerage houses sitting on money that they have earmarked for INTC but haven't purchased in anticipation of a decline, plus the value of making the INTC puts worthless. Add it up and it amounts to a buy program that moves he stock up, makes the calls worth something and cheapens the puts. But I guess its not going to happen because the market is right.