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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%3:59 PM EST

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To: Ibexx who wrote (53433)4/15/1998 5:19:00 PM
From: Frank DiLorenzo  Read Replies (2) of 186894
 
<<Lets not forget>> MANIPULATION!

Some clients may be shorting, or wanting to buy in at lower prices. Furthermore, there are plenty of exotic strategies that can be used that major players can get into at attractive prices by manipulating prices. Lets face it, if the MMs want to open Intel at 60 tomorrow, they can't be stopped if they join together. Afterall, this is the same group of folks that had one MM asking 100 for MSFT only efew weeks ago. I think Intel should move to the NYSE, there is no question it is getting no respect on the NASDAQ relative to other firms. Also, aside from Intel's great run from early 96 to mid 97, the stock has always traded at a serious PE discount relative to many of its so called peers. It really doesn't matter what I think though, its what the big boys want, so I am trying to go with the flow.
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