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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: Craig M. Newmark who wrote (143091)9/7/2001 1:39:58 PM
From: Road Walker   of 186894
 
Craig,

The folks at Long Term Capital thought they were minimizing risk and maximizing reward. Then things broke bad.

The trading desks can actually make a completely balanced trade, with no potential for gain (except commissions) and no risk. Don't ask me how they do it, it would probably take me a week to figure out what they can execute in two minutes.

John
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