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Technology Stocks : Intel Corporation (INTC)
INTC 34.37-3.3%3:26 PM EST

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To: Paul Engel who wrote (80643)5/9/1999 1:42:00 PM
From: Process Boy  Read Replies (1) of 186894
 
Paul and Thread - Interesting comment from CBS Marketwatch's "Zapman"

I believe many of us small fry investors wonder what's really going on...

cbs.marketwatch.com

From the column:

Now, if the SEC really wants to dig it's teeth into a problem, maybe it could go after some of the Wall Street analysts who generate churn in stocks by raising a rating, cutting a rating, and raising it again while the fundamentals of a company stay relatively unchanged. Start with Intel (INTC: news, msgs), a widely held company that has been remarkably consistent in performance.

Or maybe it could probe what's really going on with "buy on the rumor, sell on the news," a problem that's gotten so out of hand on Wall Street that people have forgotten there wouldn't be any rumors unless insiders were selectively disclosing material information in violation of federal law.


PB
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