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Technology Stocks : Intel Corporation (INTC)
INTC 50.88+5.4%12:04 PM EST
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To: jack c rains who wrote (6746)12/21/1996 9:08:00 AM
From: Jules B. Garfunkel   of 186894
 
Jack,
Your, "Meanwhile, I'm hedged in the way that I would want to
be in this situation - with long position in Intel and short
the rest. As always, I will do what I have to do to make it."

Isn't this technique known as "cross hedging"? I remember a couple of years ago, a trader, who I respect very much, being critical of me for having cross hedged my long INTC position by shorting AMD and IBM.
Do you think he may have reevaluted his opinion? (g)
Jules
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