Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: jmac who wrote (49505)	3/5/1998 9:15:00 PM
From: BelowTheCrowd	Read Replies (1) of 186894

Jmac, 1) Last time I "thought it might be going lower" I did sell. It settled a few bucks and did nothing for a while. Then jumped 15 points before I could free up the cash to get back in. 2) Even at current levels I've got significant gains. If I believe that the long-term trend is upwards -- which I do -- then it's stupid of me to sell the stock, pay taxes, and buy back in 6 months. The only reason this would make sense is if I thought a decline would be permanent or if I thought I could make more than the tax penalty by investing in something else. 3) There are plenty of good ways to hedge the position that don't involve selling the stock and forking over 30% of the proceeds. mg

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