Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

Feb 10 3:59 PM EST

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To: Rafique Sheikh who wrote (5316)	11/17/1996 9:29:00 PM
From: Jeffrey Boggis	of 186894

Rafique, Even though I am busy taking to MBA graduate classes, and working full time, I will always find the time to answer anyone's questions. There was a time when I asked a lot of questions, but that's how you learn in the stock market game. Whose to say that your IBM options won't decline? What do you think happened to all of those IBM option owners in 1987 when the stock price of IBM went from $152 to $40? They lost big time! A patient investor would have bought IBM stock, instead of options and added to their holdings when the stock began to diminish, or they would have just sold and taken a loss. My point is, there are a lot of tech stocks that are currently trading a all time highs and these stocks have histrically high price to earnings ratios. I would not be buying any type of call options (short or long term) at this point in time. If you want to be in the market, buy shares of stock to play it safer than options. Or, wait on the sidelines for a mini-correction. Pick up this week's Barron's magazine and read the cover story on tech stocks. It's very good. I own T. Rowe Price Science and Technology mutual fund (PRSCX) and the mutual fund manager is interviewed in the article. They like Intel and Microsoft, which I also own. I obtain my option quotes from e*trade securities. Just start watching a hand full of stocks and try to get "a feel" for their movement. Try to find out everything that these companies do. Go to their web pages and find out what they are working on and if you think that they will continue their dominance in the tech market. Good luck, Jeff in Little Rock

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