Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.48

-4.5%

Jan 30 3:59 PM EST

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To: Brian Malloy who wrote (23548)	6/1/1997 10:54:00 PM
From: Steve W.	of 186894

Brian, I made a great hit on June 170's, in at 13/8 and out last Tuesday at 43/4 but then I just had to get back in on Thursday (great timing huh?) at a cost of 4. Pretty rude awakening for them to trade at 3/16 by 5/16 Friday morning. Wish I had averaged down by buying another 40 con. at 1/4. When you are in a bad situation such as this do you try and recover a predetermined percentage of your investment or just play it by feel? Have only been trading options for 6 months and this looks to be my first loss. Currently down about 80% on this trade and hoping to salvage 40-60%. Any advice is appreciated. Steve W.

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