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

To: Road Walker who wrote (124320)	1/5/2001 4:21:06 PM
From: Hightechhooper	Read Replies (2) \| Respond to of 186894

John, Keep pounding, I have a hard head. Right now it seems to me that I have zero risk of getting these shares taken from me, so I have a 100% guarentee of making an additional 3/8 on those calls. The only way I should buy them back and lose the last 3/8's is if I am brave enough to sell a lower strike for more than 3/8's. Right now that would have to be the 35's for less than $1. I can see INTC at $35 on a relief rally or some market spike so it doesn't seem worth the risk of selling 35's for $1 if I have to first pay 3/8's to buy the 37.5's. That 1/2 point isn't worth the risk to me. I will keep watching....if I can get another $1 out of this "exchange" I may try it. For now my biggest fear is losing my shares due to forced sales from margin calls. INTC could still easily trade into the 20's after that CC. I can't believe the benefit of the fed cut was so short lived. I just heard the bond market is now putting a greater than 50% probability on another 50 BP move BEFORE the next meeting in January!!!!! That means people are scared shitless and may return me to panick mode (especially if the CSCO rumors are true). thanks and later,