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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Jim McMannis who wrote (76278)	3/12/1999 10:57:00 PM
From: Paul Fiondella	Read Replies (1) of 186894

I'm not enamored of Cramer but he is a trader I think he is more honest than most in revealing his positions (of course after the fact). As to what he has to say, it's shop talk. His performance was influenced by the panic last year. He sold his most of his positions and got faked out. (What would you expect a trader to do when faced with another 1987? In addition he runs a hedge fund and got tarred and feathered by LTCB and suffered redemptions. I have a feeling he sold again with the techs this time around but once again too late. They all got caught getting out late with INTC. I don't think he sold his whole position however (he probably has a formula) and I think he got back into INTC around 115. ==================== Incidentally Cramer plans to take Street.com public. That will make him fabulously wealthy. So even if he can't pick em he can sell his mouth. And finally the New York Times owns part of the company. All we do here is make the owners of SI rich.

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