OK, not that I would do something as risky as buy a Dec option or anything, but, for sake of argument, let's say I did. My amateur reasoning skills told me that 1) Intel was already down (when it was at 80) and just had to go up and 2) Everyone and their brother buys PC's for Christmas. I know, very scientific. I've read alot of people's '98 predictions, but what do people think will happen in the next couple of months?
You needed to buy out further----your logic is ok-----intel will, in late november, come out and say they had underestimated their eps and then wall street will fall all overe each other buying intc---you'll be ok