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Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%Dec 31 3:59 PM EST
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To: who wrote (10336)2/6/1997 8:08:00 PM
From: Frank Ellis Morris   of 186894
 
Ramsey, I too am astounded by the credibility we give especially numbskull lamebrain idiots like Mark Edelstone who sits at his desk at Prudential and gets away with what is tantamount to racateering and theft. I think Prudential should be investigated for securities manipulation and racateering anyway. I cannot help but feel that these scams perpetrated by brokerage houses generate a tremendous wealth at the expense of the public who in a bit of panic runs and sells his or her securities for fear of losing all their money. There was positively no reason for that idiot to make that downgrade on INTEL except to grab all the money they can and run. I wonder why the Securities Exchange Commission doesnt investigate this kind of activity.

I truly believe that you are playing roulette when you try to second guess what manipulation tatics and to what exreme they are doing? People too often want to avenge their paper loses by playing option leverage games and too often they end up loosing a tremendous deal more.

I believe that the picture is very clear, INTEL, MICROSOFT and CISCO will be the dominant architects of the tech revolution for many years to come and that the best way to achieve wealth is to be patient and calm. I know that times like this challenge your commitments, but the only victory to be accomplish is attained by patience and time. Let the quick traders have their fun, sooner or later, we will get it all.

Have you ever bought INTEL or MICROSOFT on margin and what is your feeling doing such a thing?

Good luck and prosperity to you

Frank Morris
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