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Technology Stocks : Intel Corporation (INTC)
INTC 33.62-4.2%Nov 20 3:59 PM EST
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To: Thomas J. Smith who wrote (85545)7/13/1999 7:51:00 PM
From: Barry Grossman  Read Replies (1) of 186894
 
The real money movers were on a Long Island Railroad train when this INTC news broke

Any traders who were long or short and therefore had a real vested interest, particularly those with significant positions, were undoubtedly watching the news when it broke - and likely not on the LIR at that time.

The non-traders, who simply hold their long-term positions, were more than likely the riders on the train. After all, one quarter is just noise to them.

Barry
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