Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 39.92

-1.6%

11:23 AM EST

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To: The Duke of URL© who wrote (167274)	7/2/2002 7:09:13 AM
From: GVTucker	Read Replies (2) of 186894

Duke, RE: Uh, no well, that's sort of just WRONG. The "money" is not destroyed it is just transfered to someone else. Uh, no. The money did disappear. The equity markets are not like the commodity markets, where there's a winner for every loser. Even for the most heavily shorted stocks, the number of longs outnumber the shorts more than fivefold. Two years ago, people owned $30 billion in WCOM bonds. Now those bonds are worth about $1 billion. The other $29 billion is gone. INTC had a market cap of $500 billion then. It's closer to $100 billion now. That difference is gone, it didn't go into someone else's pocket.

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