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To: Chris who wrote (13576)8/2/1998 4:45:00 PM
From: James C. Mc Gowan  Read Replies (3) | Respond to of 42787
 
CHRIS CHANG AND INTC LEAPS HOLDERS:
I have held INTC leaps, about 20% for 1/99 and 80% for 1/2000 in the 65 to 100 strike price range since last year. Most were purchased when stock was at about $90 per share, so most are under water.
I would like to hold these, as most are placed in tax-free account.
However, having gone through the roller coaster on INTC the past few months, I solicit any advice regarding purchase of puts, assuming that a general market downturn would also bring the Leaps down again.
Any strategies for downside protection/opportunity to make money on the downside?
This thread has been of great help in my investing.
Thanks very much to all participants.
Vocex



To: Chris who wrote (13576)8/2/1998 5:07:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
additional personal thoughts on steve goldman's excellent post:

yes, this thread is geared towards momenutm trading/investing. And because we trade the leaders and big names, I assume it's safe to say that the picks are "fundamentally sound". (even though Csco's PE is 100) LOL ;)))

But I think the core of my trading principles has really given heavy emphasis on the to momentum and sector rotation