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Technology Stocks : Intel Corporation (INTC)
INTC 36.78+2.7%Nov 26 3:59 PM EST

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To: GVTucker who wrote (67185)10/23/1998 1:10:00 PM
From: Mary Cluney  Read Replies (1) of 186894
 
GVTucker,>>>The postulation that somehow Merrill and Kurlak are negative on Intel in order to help out hedge funds that are short INTC is brain dead. .....anyone who believes that has no understanding at all of how Wall Street works. <<<

You are right - I don't have a clue as to how Wall Street works. However, for LTCM to leverage several billion dollars into trillion dollar bets - I would think the equation they use is probably a little more complex than just to buy or sell stocks short and wait out the market.

Similarly, the relationship between Merrill, Kurlak and their "clients" are probably a little more complex than any quid pro quo that you could take to the SEC.

You must also factor into these "relationships" emotional components. Kurlak, if I have figured this out right, has worked very diligently to separate himself from other analysts. He probably view the other analysts as nothing more than external auditors basically doing due diligence on management's guidance. Tom has worked hard to differentiate himself and to become a "player" on Wall Street. He is viewed by many as someone that "moves" markets.

Once that kind of stuff gets into your head (its pretty heady stuff - being king of the universe) - strange things happen.

I admit, however, I don't know how Wall Street works. If I did, I wouldn't be here telling you or anyone else about it (ggggg).

Mary

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