Elmer,
A gift doesn't necessary mean that he dumped INTC. I have a friend who set up a charitable gift trust and you can simply do an 'in-kind' transfer of your company stock. Translated: giving a gift, doesn't necessarily mean a person has dumped the stock - it usually means they prefer to donate their money to charitable organizations rather than to the government's IRS department. However, if he has dumped INTC, frankly, I'd be concerned, but I would find it hard to believe he would do that.
Btw, how are you doing on your call strategy? One advantage to this downturn is, I've picked up about 20% additional shares of high-tech stocks bought through writing covered calls and through a premium on a collar, in addition to increasing cash position to 10%. The stock I picked up this way, was a variety of high-tech stocks, at the "generic high-tech stock price" (i.e. most high-tech stocks seem to be trading around the same price these days.)
Unfortunately, the valuation of my portfolio is down about 50% from April's high.
Regards,
Amy J |
