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Technology Stocks : INTEL TRADER
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To: Chris who wrote (2418)4/17/1998 6:46:00 PM
From: Hawk  Read Replies (2) of 11051
 
Hi Chris

Talk about bad timing with LEAPS, I win the prize.
I also have used them as surrogates for the stock, almost always
buying deep in the money. Two times I didn't I got burned bad.
Imagine I got Intel Jan 99 95's VNLAS's, I bought them when
intel was 90+ and CPQ Jan 35's VKPAG's when the stock was 68.
Worst of all is that I got a bunches of them(lots). My strategy was to trade them quickly for a few point gain. Needless to say the strategy blew up in my face and I'm near loosing a considerable portion of my
portfolio, unless these stocks rebound substantially by year end,
which looks doubtful. Anyway, my losses would have not been as large
and my potential for recouping them much better if the LEAPS had been deep in the money, Live and learn.

Regards

H.
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