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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Jay who wrote (93397)12/5/1999 9:41:00 AM
From: f.simons  Respond to of 186894
 
>>After losing several 100k on INTC I'm finally doing fine by omitting to read this thread.<<

Several 100K?? Boy, your timing must have been awful, or you are one rich dude! Intel is approximately $10 off its all-time high. Assuming "several" means at least 3, you bought $300,000/$10 or 30,000 shares. If you bought at the high, let's say $90, those shares cost you $2,700,000. Now if you panicked and sold those shares at 65 a few weeks ago, I can understand why you are pi**ed. In that case, your loss is $750,000.

Regards,

Frank



To: Jay who wrote (93397)12/9/1999 3:31:00 AM
From: Amy J  Respond to of 186894
 
Hi Jay,

RE: "Are you still stuck on the Intel thread? Everything else is
going up like crazy."

I invest in Intel because it's a safe haven and acts as a solid foundation against my riskier investments, which as you say have gone "up like crazy." I enjoyed our discussions on the many good dotcom startups.

RE: "After losing several 100k on INTC I'm finally doing fine by omitting to read this thread."

I am sorry to hear this. Unless a person is a regular reader of the INTC thread, it may be hard discern when people are buying. I don't think people on the thread were buying when the stock hit ~$85, but many (Paul, Elmer, myself, many others, etc.) were loading up the truck when the stock hit ~$52 during the summer.

But, I think a stock has to work for your style. If you've lost money in INTC, this could mean it may not be the right fit. There are some stocks which don't fit well for me right now: CSCO's valuation and PE are so high it is making me feel a bit uncomfortable. Your thoughts?

Regards,
Amy J