Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 43.48

+8.6%

Dec 2 3:59 PM EST

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To: Sonki who wrote (13921)	12/3/1997 7:15:00 PM
From: ANANT	Read Replies (1) of 27012

sonki: Purchase of Leaps in INTC, WLA & XLNX I have picked up a bunch of LNLANs ( y2k calls 70) today @ 24/contract. Hope that INTC does not go below 70. I bought also some WLA shrs at 113 and Leaps LWLAA (105's) and also some XLNX leaps LXJAH 40's. When the market goes down I am tempted to average down in good companies. Any comments? Recently I bought some RMBS stock at $ 50 and sold some covered calls ( BNQAJ) when RMBS was at $60. I have a question. Does it constitute a "wash sale" if I sell a higher srike option and buy a lower srike option of the same company on the same day? I am considering selling some LNLAU's and buy LNLAN's at the same time. Thanks rgds ANANT

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