INTC Message Board - Msg: 1183284

STOCKTALK

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Technology Stocks : INTC

INTC 40.03

-1.3%

3:59 PM EST

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To: Reginald Middleton who wrote (183)	4/13/1997 4:49:00 PM
From: John Grandy	of 990

<<<<< Secondly, market psychology and institutional traders ONLY have the ability to affect well capitalized companies shares for the short term, PERIOD. No market maker or any one else has the capital to manipulate INTC over any significant period of time and come out of the ordeal intact (via trading). Count the money, 150 billion (or whatever) dollars in market capitalization and you think that some man (or woman) is going to casually trade/affect this stock's entire float in one direction or the other? The richest man in the US only has 28 billion and his wealth is in stock, not cash. Think about how this will affect that man's wealth if he committed the capital necesary to affect INTC's share price, medium term through trading. Do the math. >>>> why do you automatically assume that manipulation of a stock's price can be accomplished only by deployment of capital?

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