Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Paul Engel who wrote (3596)	9/25/1996 3:35:00 PM
From: Burt Masnick	of 186894

To all - Latest WSJ indications of short interest show that INTC moved from 15 million shares last month to 20 million shares this month. This comes to about 5 days volume. The standard thinking is that the larger the short position the more bullish it is for a stock because these are effectively committments to buy the shares. Furthermore, shorts get nervous as the stock moves up. They get margin calls if the move up is substantial. A short panic could drive Intel up to 110 in a week as the shorts scramble to limit their losses and they all head to the buy window simultaneously. The short squeeze on Iomega is given substantial credit for moving that stock spectacularly upward a few months ago. Anyone who shorted intel in the 60's or 70's is really sweating now. As I said in a previous post, shorting intel is like giving yourself a haircut with a hedge trimmer. It's conceivable that you won't kill yourself but the risk/reward ratio is so hideous that you have to be deranged to try it. Good investing (for the long term) to all. Burt

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