Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.52

-1.2%

3:59 PM EST

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To: slurper who wrote (68464)	11/12/1998 10:20:00 AM
From: Jim McMannis	Read Replies (1) of 186894

Slurper, RE:"Jim your post 68363 mentions your thinking re "trading out". As a good general rule,when you own stock in a premier company like Intel ,rather than trade out,you should write calls." Good point. Good way to avoid paying taxes on the big position too. When my TA signals an overbought condition there is over a 90% probability that the stock will correct within 3 days. Just like Intel is correcting today. However what I don't know is how far it will correct and how long it will correct. Because of the way that my overbought model works the stock can even go sideways and get out of overbought territory. At any rate, one would have to pay close attention to buy back the calls if necessary. Thanks for your comment. Jim

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