Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

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To: Amy J who wrote (123633)	12/22/2000 2:44:20 PM
From: ratan lal	Read Replies (1) of 186894

Survival of the fittest to the extreme says these people should be allowed to be financially wiped out and you can say, they deserved it. What they did here was to try and use their inside info at INTC to GAMBLE and multiply their savings. They probably sold tons of put options never considering, and thereby not having enough funds, that the price may go down and they may actually be put those shares. Thats Gambling pure and simple. If they had sold put options only to the extent of their savings to buy INTC, then the worst case would be that they hold onto INTC shares at a higher price. But I bet you they would still come out ahead considering the average price of all shares inlcuding options.

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