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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (14729)	12/17/1997 5:08:00 PM
From: ANANT	Read Replies (2) \| Respond to of 27012

sonki: INTC may further go down The pattern of INTC seems to be going up 1 to 2 points in the morning hours and ending the day with a 1 to 2 point loss. This has been happening pretty much regularly. I am heavily margined. I have some capital gains and I need to take some capital losses to minimize my taxes. I cannot afford to sell any INTC or INTCW with very low cost basis. Good or bad I have to sell some of my Intel Leaps and take some losses. The situation with Intel may continue for the next two or three quarters. I have a gut feel that the INTC may go further down to around $ 63.00.IMHP. The basis for this is that the lowest INTC went down before the split was around $ 126.00. The situation is getting worsened with the MSFT going down with all its legal problems. I am as much frustrated as any of the longterm shareholders. There is no choice except to bear this pain. rgds ANANT