Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 42.53

+5.0%

10:19 AM EST

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To: Tony Viola who wrote (124096)	1/3/2001 2:36:05 PM
From: Hightechhooper	Read Replies (1) of 186894

As I mentioned yesterday, if the fed was going to move before the jan 31 meeting it would be today or tomorrow. I am just releaved they got off the can and did something. Although my feeling of panic is gone, I am now angry. Two and one half weeks ago they should have done this and because they didn't I lost REAL money. Not just losses on paper but because I had to liquidate portions of my position to cover margin calls I lost a substantial amount of real money that will never come back because the shares are gone. Yes, I take responsibility for buying so aggressively on margin but despite this the fed screwed up and me and people like me are the ones to suffer. All this happened because of a timing difference of two weeks by the fed. If they were in touch with financial markets at all they would have realized that their non move in December accelerated the already tighted credit market. Now I have to find a point to write covered calls. The next several days is probably the best time but I want to write January 40's because I do not want to risk losing the stock. Anyone have any thoughts on this?

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