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

To: Hightechhooper who wrote (124180)	1/4/2001 1:37:22 PM
From: philipah	Respond to of 186894

Hightech - Good luck escaping the Horns of Dilemma. I hope you are not badly hurt by a sharp sustainable price rise. P p.s.Fleck latest rant names the Usual Suspect here's a taste: " Easy does it. . . Speaking of Easy Al, I would like to digress and just say that in my opinion Greenspan has once again shown that he is only concerned about the stock market and that bubble management is his game. Had he any real concern about the real economy or any understanding of the same, he would have eased a small amount at the Dec. 15 meeting when it was apparent to anyone with an IQ over 40 that the economy was in trouble. He chose not to do so, which surprised me, since I had expected him to cut rates. But as the stock market appeared to be under more pressure, he gave us a surprise cut today to try to prop up the market."

To: Hightechhooper who wrote (124180)	1/4/2001 1:47:37 PM
From: prosperous	Read Replies (1) \| Respond to of 186894

Jan options expire on the 19th and I think INTC fourth Q comes out on Jan 16th. The only risk you run is if the earnings beat expectations in any sizeable way, your calls may get assigned to you and you may lose the shares. Barring that, the strike price seems reasonable considering that you are fighting a margin situation. Good luck.

To: Hightechhooper who wrote (124180)	1/4/2001 2:06:27 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Hightechhooper, A small bit of advice. The odds are Intel will go up and down before expiration. I will usually pick a price at which I feel there is acceptable profit, and enter a good 'till cancel order to buy the calls to close the position at that price. Maybe 3/8 or 1/2, whatever you feel comfortable with. This avoids the situation where Intel goes down, but then pops back up at expiration, and you lose your shares. And if you buy back the covered calls, it also gives you the opportunity to sell more calls if Intel rallies, or at a lower strike. I usually don't recommend selling covered calls unless you are ready and willing to sell the shares. I guess your situation is different. Good luck, John