Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.67

+1.1%

9:51 AM EST

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To: MONACO who wrote (64979)	9/17/1998 7:44:00 PM
From: John O'Neill	Read Replies (1) of 186894

>>I heard they had to pre-announce, because they (Intel) were aggressively buying back their own stock....M<< This is very possible. INTC is highly suspect of manipulating it's own stock with news. They sell puts & issue stock to cover if needed. It will be interesting to see if the MM's can "walk the stock up" to $85 tomorrow. Of course aggressive stock buybacks don't bode well for the company if the buyback is at a high price. I.E. Mc Donalds I'm the guy that was shorting MCD, KO, G $ Proctor & Gamble 2 months ago....check out the SI thread...Now I'm on INTC & MSFT and KR

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