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The Government's $37 Billion Intel Round Trip Is a Warning for Anyone Who Still Holds the Stock
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The government's 433.3 million Intel shares were worth about $61 billion at the June 22 record close and about $24 billion on Friday. Here is what the same 60% drop did to a 66-year-old retired Intel engineer with 4,000 shares, and the sell, hold or swap math, including the two-year sale that cuts the tax bill from $8,516 to about $2,400.
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Source: FreeNewsAPIRead at 24/7 Wall St.
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