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Technology Stocks : Intel Corporation (INTC)
INTC 35.54-6.2%3:21 PM EST
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To: Gary Ng who wrote (64429)9/11/1998 11:31:00 AM
From: Scumbria  Read Replies (1) of 186894
 
Um, very bright. That is when their first real competitive x86
offering(K6) came out which is going to make huge profit and
you closed out your AMD position ?

Gary,

In February 1997, AMD stock had gone up about 2x from the previous fall, when I had purchased some calls. This rise was based on speculation about the K6.

I felt that a 700% return was quite adequate. I did not sell at the early summer peak, but was quite satisfied with my investment.

As you become more experienced with investing, you will find that it is generally a good idea to "buy on rumor and sell on news."

Scumbria
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