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

To: Hightechhooper who wrote (124309)	1/5/2001 3:35:41 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

High, Intel will probably go both up and down in the next two weeks. Selling calls without losing your stock can usually be easy, as long as you take your profits when they are in hand. Right now you have about 70% of your potential profit, yet you are willing to risk that, and getting called on the stock, for the last 30%. In addition, you are giving up the opportunity to double your profit by selling the calls again, if Intel were to rally. Whatever you think the market or Intel is going to do in the next to weeks in immaterial, because you don't have a clue. Nobody does. You need to look at risk, reward and future opportunity to make your decision. Forget what you think, stick to what you know. I'm just trying to hammer this in because of mistakes and lessons learned in the past. John