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By the way congratulations on a great trade, ala your INTC puts. Do you take
the quicker than expected profit (gift?)or hang on for more? I know what I
would do.
don ewers
----- Original Message -----
From: "Gitanshu Buch" <OnWingsOfEagles@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 22, 2000 7:25 AM
Subject: [RT] Re: Market / Intel
> >The Intel $43-40 would be nice but maybe only a dream.
>
> It closed after hours last night at $48.75
> It is available right now at $46.50 down over $2 from 8 pm close.
>
> Some dreams do come true.
>
> BobR has the right idea, I'd look to non-INTC tech LEAPS where option
> implieds are in the lower 10% of their annual range.
>
> $43 is the prior breakout high set in January, so it should find initial
> support there. I fully expect INTC to break below that level eventually
and
> allow investors to buy cheaper, in the $32-$35 range in the next 12
months.
> That range marks the low end of the trading range that was broken in
> January.
>
> >. . a super squeeze?
>
> The Street is long INTC at $55+. Other than individuals there is not much
> institutional firepower left. In last night's session not much was block
> traded.
>
> Gitanshu
> DISC: Long INTC puts.
>
>
>
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