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

To: Michael Bakunin who wrote (75545)	3/5/1999 5:02:00 PM
From: t2	Read Replies (1) \| Respond to of 186894

Where are these rumors of slow sales in Pentium IIIs coming from. I don't believe it. I just think some people just wanted to get out prior to the trial next week. Once the case starts, I think it won't turn into another Miscrosoft vs. DOJ. Intel execs had a lot of time to study the screw ups of Microsoft and will be ready. I would not be surprised about seeing some sort of positive announcment from Intel such as increasing share buy backs if the stock declines.

To: Michael Bakunin who wrote (75545)	3/5/1999 5:31:00 PM
From: xstuckey	Read Replies (4) \| Respond to of 186894

Michael, The problem is simple. Do you part with 20 to 25% of your capital in taxes because you think the stock will decline in price ? You could easily be wrong about the stock going down, and you would still owe the 20 to 25% (and much more in some states). Maybe you don't see this as a problem, but I do. Then, of course, you would have the problem of what to do with the money and if you believe long term results, you would probably conclude you need to put it in stocks. But what stock ? You would have to throw darts until you ruined your arm to strike a stock that has outperformed Intel in the past 5 years. Or, like Humble Carl, you could not sell and just live on the margin for life. As for shorting an index, you can't do it. I don't think you have studied this problem. All you can do is buy a put on an index. Hope springs eternal, options expire. You could short S&P futures in the commodity market but here again you have to pick a month. Pick one very far out and the carrying charges will eat you up. Why can't you see the problem ? Best Trading, X

To: Michael Bakunin who wrote (75545)	3/5/1999 5:37:00 PM
From: Chris Carlson	Respond to of 186894

Michael, If I may, Maybe 'problems' isn't the right term, but 'issues', of which taxes is the main. I'm curious, if you had Intel @ $14, when would you have sold? Would your subsequent strategy have resulted in higher gains than the subsequent gains in INTC? This is another 'problem' the long-term holder must consider. I think Intel is currently a good investment. I've owned INTC for a few years now so the tax/future gains 'problem' keeps me locked in. I realize that there have been and will continue to be stocks that perform better than Intel. But if one wishes to remain invested in securities, one must automatically deduct the tax bite from any consideration of another security's anticipated growth (yet another 'problem'). I'm sure your aware of all this, your sophisticated exit strategies belie your savvy. I'm just sort of ramblin out loud. Have a nice weekend (everyone)! Chris

To: Michael Bakunin who wrote (75545)	3/5/1999 5:41:00 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

mb,>>>If I owned Intel @ $14, I would have sold already.<<< From my read of your personality, you would have sold it long before it got to $20 and any discussions of capital gains taxes would be purely academic. >>>I remain befuddled about the "problems of the long term holder". Perhaps you can describe some for me.<<< Do you have any kids or relatives where you need to say to them "Gee, I'm sorry but my money is all tied up right now"? In any case, what is you agenda here? Are you trying to tell long term Intel investors that they are stupid and that you have some superior knowledge that can guarantee better returns on their investment? I am befuddled by "your agenda". Sincerely, Mary