RE: INTC

Posted by Jack Haddad on January 2, 2008 at 10:18 am

Added 3 more blocks at 25.07, and hedged with 300 Jan strike 25 calls at .95/contract.  I now have a total of 13 blocks.  I have never seen INTC trade below its PEG value.  Not even during their downtrend from Jan 17 2005 through April of 2007.  Bank of America’s downgrade claims are unvalid. They only want the shares cheaper for themselves.

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