Intel Corporation (INTC) Message Board

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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: Mohan Marette who wrote (47499)	2/9/1998 3:23:00 PM
From: Paul Engel	Read Replies (2) of 186894

Mohan - Re: "'Buy' to 'Accumulate' " Excellent question - I have always been amazed at that "Accumulate" recommendation. My conclusion is that "Accumulate" means you wait for your rich relatives (don't we all have them??!!) to die off and leave that stock (presumably your rich relatives already own the stock in question) to you as part of their estate, or Will. Hence, you "Accumulate" without buying. The other option is that people will give you that stock for free since they perceive little value in selling it. Perhaps Bag Ladies in New York's Wall Street district find share certificates in the trash cans, thereby accumulating these shares for their own personal stock accounts. I hope not too many Bag Ladies have switched to discount/on-line brokers. Slinging this type of mumbo-jumbo keeps those Wall Street sharks busy all day long. Paul

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