Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 48.26

-0.7%

Feb 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jmac who wrote (6939)	12/29/1996 10:52:00 PM
From: Richard F Hanover	of 186894

Hi jmac, It appears to me that January just might be a good month for intc (super earnings, good BTB, intro of MMX, possible split announcement). Unfortunately I haven't the ready cash to increase my long position. Would it legal to close out an IRA with, say 1000 shares of intc and reinvest it, on margin, in intcw (approx. 2800 shares) in a regular (non IRA) account. Within 60 days after withdrawing the original 1000 shares I would open a new IRA with the amount of money I originally withdrew. Obviously, any gain during the 60 day window would remain in the regular account. Would I be violating any IRA rules? Will I be subject to any penalties? Does this make any sense? Just trying to catch the wave, Rich

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next