Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.03

-1.3%

3:59 PM EST

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To: John F. Dowd who wrote (166849)	6/22/2002 2:32:33 PM
From: kapkan4u	Read Replies (1) of 186894

<As far as the market is concerned good luck to all those that choose to remain long.> I understand perfectly what you and many others are going through in this bear market. Loosing money is so hard emotionally because inevitably one interprets it as a personal failure. In late summer of 1995 I started accumulating INTC call leaps. I owned INTC from the options and stock plans at work, but this was my first foray into the big money trading. INTC was going up I was making money and buying more Jan 97 call leaps. Then the stock started to crater, but I kept averaging down. In December I was loosing $150K on a $300K investment, so I decided to salvage the remaining half and sold the leaps at the exact bottom in the last weeks of December 1995. I lost $150K. Had I kept the leaps I would have made millions. Loosing money was hard, but the realization that I chickened out was much harder to deal with. This experience saved me several times later because I was determined to rather loose all, than being a wimp watching your former positions take off just after you sold them. Kap

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