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Technology Stocks : Intel Corporation (INTC)
INTC 45.07-17.0%Jan 23 9:30 AM EST
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To: KM who wrote (29992)8/22/1997 11:16:00 AM
From: Ibexx   of 186894
 
Trufflette and all,

Consider this morning's episode a BLESSING IN DISGUISE.

Obviously, Kurlak did what he did because:

1) ML or ML's elite clients wanted to increase their holdings in INTC cus Tillamook will be released shortly, and INTC share price will ride on a new tide.

2) ML's backoffice managers decided the brokerage business had been to slow--everyone's gone to the beach. Need more commission revenues, you hear?

3) Tom can now count a fatter compensation package at yearend.

I had a Merrill account but closed it because of their "ways".

Ibexx

PS: He chose a summer Friday to execute the above strategy--what a clever guy!--when the market was the thinnest and most vulnerable.
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