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Technology Stocks : AMD:News, Press Releases and Information Only!

AMD 230.16

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To: Brian Hutcheson who wrote (3311)	1/1/1998 12:41:00 AM
From: Paul Engel	Read Replies (1) of 6843

Brian - Re: "Fleckenstein said he liked Intel as a short for similar reasons his target seemed to be about $50" Fleckenstein has been short on intel for over two and a half years. He has lost his inevstors an enormous sum of money and he hopes he can recover most of it if Intel goes back to $50. Even then, he will still be under water. From a recent Barron's interview: " Barron's: You must be a glutton for punishment, Bill. Fleckenstein: Well, for the last couple of years, I admit it, I've been short -- mostly technology stocks. I've had only four longs, over that entire stretch. But the fact that I've had better than flat performance over that time means that, on a relative basis, I've done okay. Although that begs the question of why I was dumb enough to do this in the first place! {==============================================} Intel has quadrupled in that "couple of years", taking Fleckenstein's money and his investor's money and LOSING capital in the face of one of the greatest technology bull markets in history. Fleckenstein has proven himself a loser. Paul

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