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 34.50

+2.6%

Nov 21 9:30 AM EST

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To: David S. who wrote (14864)	12/19/1997 6:16:00 PM
From: ANANT	Read Replies (3) of 27012

David: Leaps of KO, GE etc I followed a similar approach. I bought y2k leaps of GE, G, KO, IBM and PG when the stocks were beaten down GE at 61 etc with a view to exercising them in y2k. I sold them prematurely with good profits. I should have held them. It is a poor judgment to have sold them and pay cap gain taxes. I feel it is a good strategy to buy slightly "out of the money" leaps of great company stocks when they are beaten down due to economic conditions. However I lost out on 98 leaps of COMS which I bought when the stock was 85. The stock went down and never recovered. Now they expire worthless. rgds ANANT

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