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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Mary Cluney who wrote (76085)3/10/1999 8:48:00 PM
From: Fred Fahmy  Read Replies (1) of 186894
 
Mary,

<But, what baffles me, is that even if the market were to crash next week, most of these people will not make any significant amounts of money.>

How do you figure that?? Many of these bears (and perm-bears) have large leveraged short positions (i.e. puts) which would yield tremendous returns if the market were "to crash next week". If you have any doubts, just go visit the shortie lovefest over on the Ask Michael Burke thread. I thought I have seen you over there?? You should know that there is a lot of money betting on a significant market drop.

<They are now joined by Bill Fleckenstein.>

What to you mean by "now"?? Fleckenstink has been preaching his tech stock gloom and doom message for many many YEARS.

FF
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