Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

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To: Frank Ellis Morris who wrote ()	3/29/1997 9:24:00 PM
From: FANMAN	of 27012

I love to see a thread devoted to achieving wealth. Athough I enjoy the short-term TA, many posts say things like "this may be confirmed on Monday...or it may not",etc. IMO, this is worthless. Frank,BUY AND HOLD is an excellent strategy IF you pick the right companies. Anyone who has bought and held CSCO,INTC,MSFT,KO,G,etc. are rich. But it's not that simple. Buyers of IBM in 1994 have a great return...but if you bought IBM in 1985, you have made little in 10 years! My strategy is to buy 1-2 year LEAP options in a fundamentally sound company which is near its low historic PE for a year. INTEL was a good example in latter 1995. In a few months I think we'll have another great opportunity. Right now Isee no bargains. I will buy LEAP puts if I think the market will descend. Selling calls are better if you think the market will be stagnant. LEAPS give you leverage while allowing time for your stock to move. In 1995, I bought 98 LEAP75 calls when INTC was 61...it then dropped to 49. I had time to hang in there and made out. These are my strategies. Love to hear others.

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