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Strategies & Market Trends : Tech Stock Options

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To: broken_cookie who wrote (58349)	2/24/1999 2:48:00 PM
From: Gary E	Read Replies (1) of 58727

Hi Richard, from your post <<<Cramer wrote a facinating piece (quite a while back) about how his hedge fund was long a ton of INTC calls 5 and 10 dollars in the money when INTC lost the lawsuit with AMD over cloning the 486. This news caused a 25 point tumble in INTC stock afer the close and Cramer was able to refuse exercise.>>>>> I'm trying to understand this: Expiry day...Cramer owns the ITM calls, ( they are more valuable now than when he bot them ) Cramer says,,,,no I dont want to sell them,,I dont want the $$ INTC stock goes down ( making his calls worth less $$ ) Refusing exercise ? Can you explain ? Thanks HG

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