Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Fiondella who wrote (38008)	10/28/1997 2:16:00 PM
From: Dulane U. Ponder	Read Replies (1) \| Respond to of 186894

paul, i also think it's a good idea to have a real person around for times just like this. was able to buy intel at 72 this am (point at which i finally decided to buy) because i maintain an account at a full-service broker. although i trade at 3 places, i knew i could depend on my full service person to execute when the chips were down. the commission was higher of course, but i saved in the long run. may trade what i bought this am if the market reverses. will definitely buy more if intc hits 60's.

To: Paul Fiondella who wrote (38008)	10/28/1997 7:26:00 PM
From: Paul Engel	Respond to of 186894

Paul - Re: "Concerning shorting There may be better stocks to short but shorting Intel is like shorting the Tech sector. I picked it because I felt it was grossly overvalued when I shorted it, less so now than when I picked it. As to trading, I use a reliable broker with a track record of proven execution---Siebert. I put my orders in verbally not through the Internet before trading starts for the day. I had no trouble getting through to a broker today. I use the Internet for real time information but not for trading. Execution is more important than cheap commisssions." CONGRATULATIONS - It sounds like you waited all this time UNTIL today to short Intel - since you placed your short order before the bell, it must have gone off! I guess that leaves you about $10 under water as of the closing bell! Keep up the good work - and EXCELLENT TIMING. You may be the one to have shorted Intel at its lowest point! Couple this loss with your Novell position and you will have a substantial tax write-off! You sure can pick 'em! Paul