**Off Topic, Intel options**
Kealoha, I did the math:
At the time when Intel was selling at 96.5, the LNLAL option was selling at 43.88
Here goes:
Common 96.5 projected forward for 29 months at 7% p.a. rate figured monthly brings the cost of these shares to 107.78 by Jan 2000. (It is truly lower because the huge Intel dividend of .1%, but I ignored that. Big spender from the West!).
Option LNLAL. Cost of 43.88 carried forward for 29 months at same rate as above gives a cost figure of 51.94 by Jan 2000. Add to that the option exercise price of 60 = 111.94
For the 29 month period, the question is: Would you rather pay 107.78 for the common share of Intel or buy an option and end up paying 111.94?
I own 15% of my Intel holdings in LNLAL, LNLAT, VNLAN and they will all be converted to Intel common. These options are not marginable at any of the 5 places that I use. I can borrow plenty on margin, so that is the cheaper way to go. Now that I have done the math there will be no more Intel options.
When Intel reaches 100 I will make another big buy of common Intel shares, as we try to win souls for Intel on the AMD thread. We must do it by our example and practice what we preach.
THE $$$$100. DAY IS APPROACHING FAST!
Sorry Ibexx, I value your opinion, but disagree with you.
Kealoha, I only wash my left hand. On the right hand I wear a glove. Some people call me Michael, but it really doesn't fit.
I am just humble carl
PS: If you have plenty of margin buying power, Intel options do not make sense! Maybe at 9 or 10 margin percentage rate it would.
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