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Technology Stocks : Intel Corporation (INTC)
INTC 47.14-6.1%Feb 10 3:59 PM EST

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To: Steve Porter who wrote (59350)7/6/1998 1:01:00 AM
From: Darren  Read Replies (2) of 186894
 
It is refreshing to see people who think about it. I mean just look at Internet stocks.. what are people thinking?

They are thinking it's been a great ride. On the other hand, why did people invest in AOL in 1993? (every person I know who shorted that stock is/was wiped out) At least YHOO has some earnings. At least AMZN has a business model that seems to work, even if they are "illegally" waiting for volume to catch up with margins. (If INTC did that, the FTC would be all over them) It seems insane, but it's not really unless you are the last buyer in the door, from a strict profit-oriented perspective. Would I buy these companies? Absolutely not...

The other thing that is happening that doesn't get reported is that many of these stocks are trading in 200 share blocks, not 1,000 share blocks. So, if you want to buy 1,000 shares, it could essentially take you 5 transactions, which is why they are moving 1/2 point per tick and 10 points a day. It's one way that the MM's piss off the day-traders. They make them buy 5 times and pay 5 commissions -- the day trading brokerage houses have caught on and only charge for one trade if all five trades happened in less than 5 minutes...
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