Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Mary Cluney who wrote (53376)	4/15/1998 3:49:00 PM
From: Thomas G. Busillo	Read Replies (1) of 186894

Mary, it wasn't the Kurlak downgrade. It was the Kurlak "price target" of "60" being broadcast on CNBC just after 3:30 p.m. EST. The spread looked like 76 7/8-76 15/16 right before CNBC broadcast his new "insights". Now 15 minutes after that, we get a low bid of 74 3/4? A 1 1/8-1/4 pt. late day reversal on CNBC broadcasting a Kurlak price target. Amazing. I guess that's why both fans and naysayers call him "the best there is". I'd be really interested in knowing how CNBC came by these "insights". Did Merrill Lynch call CNBC? Or was it a client, possibly a client who had an open short position who would have a vested interest in seeing that particular "insight" be broadcast on CNBC? Good trading, Tom

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