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To: greg nus who wrote (2955)12/17/1997 6:44:00 PM
From: Petz  Respond to of 6843
 
greg, re:hurdles for Intel. You listed 2: window (un)dressing by institutions, tax selling by retail public. Here's two more:
1. People with gains waiting for Jan 1 to sell to postpone cap gains tax one year. After all many people bought in 40 and below.
2. At $60 and below, Intel my be forced to recognize losses on the sale of put warrants. Thats the price at which the premium received on the sales doesn't cover the losses on buying the stock at above-market prices.

Petz