Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Ali Chen who wrote (21450)	5/13/1997 1:44:00 AM
From: freeus	of 186894

HELP! This is for anyone who knows the answer. I bought some intel warrants a couple of months ago at 114. When I called up Fidelity today to exercise my warrants the rep said "It would be cheaper to sell the warrant and buy the stock because the warrant is selling at a premium." He said that the stock was at 159 1/8 and the warrant 118 but that the warrant should be selling at 117 1/2 or less. So he claimed I would be paying 160.25 for the stock instead of 159 1/8. But he is wrong isnt he? Aside from commissions (it costs $38 to exercise the warrants and about $49 to sell them and then another $49 to buy the stock). Since I paid $114 for the warrant, even with the 41.75 that I have to pay to exercise them, I am paying $155.75 for the stock if I exercise the warrant which is of course less than the 159+ that the stock was at today. IS my thinking right? Of course I could sell the warrants altogether and wait for the next dip and buy the shares back at 135. Maybe. Anyway, isnt the Fidelity rep wrong? Thanks for anyone's help. Freeus

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