Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 49.25

+0.9%

Feb 3 3:59 PM EST

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To: Amy J who wrote (123857)	12/30/2000 1:10:39 PM
From: Hightechhooper	Read Replies (1) of 186894

Amy J, thanks for your concern. Yes, this was a very difficult week for me and I still have new margin requirements due on Tuesday. A belated thanks for the selling covered leaps, but by the time I saw the message the 45's were only selling for $3. I can't believe the accelerated sell off this past week. As you know I am just trying to hold on until the FED rally and then I can sell some covered calls to help my cash position. Next week could be messy again if NAPM and employment report are bad and FED just sits there and does nothing but watch the bleeding. I saw JP Morgan CEO interviewed on CNBC yesterday and he now thinks 100 basis points by mid 2001. That is a big drop and with a FED that only goes 25 BP's at a time they better get their butt in gear. It has been a long time since the bond market and the fed have been so far apart in their beliefs. I don't know what the hell the fed is trying to do but given the current state of the PC industry, only they can prevent me from losing my entire life savings. anyway, have a good new year and thanks again, HT

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