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Technology Stocks : Intel Corporation (INTC)
INTC 40.34-2.6%Dec 8 3:59 PM EST

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To: Amy J who wrote (173351)3/6/2003 5:12:22 PM
From: Yiqun Xie   of 186894
 
INTC had a run up in last few weeks because of analyst upgrade. Those analysts were expecting Intel to raise the bar at mid quarter update. I will not be surprised to see INTC goes to low 15's in next few weeks.

I am not a big fan to write LEAP as you do. It seems to me that to write a short term covered call makes more sense. I do not mind to lose my INTC shares as many of you do. If the shares are called away, I will write naked put, which is basically the same as covered call. If you can make average of 5% return every month from option premium, it does not take long to cover your opportunity loss when your shares are eventually called away some day. With US economy in mud I do not see that day come soon.
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