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To: philipah who wrote (89023)9/27/1999 8:52:00 PM
From: Paul Engel  Respond to of 186894
 
Philip - Re: "Can anyone on the thread estimate how deep underwater Fleckenstein's short position has submerged?"

HE was bragging two years ago about having shorted Intel and Dell two years or so prior to that - which would place his short about 4 tp 4 1/2 years ago.

He probably paniced at the Pentium FDIV debacle, figuring that it would put Intel out of business.

I think his Intel short has nearly put him out of business. Somebody posted a few weeks ago that his "asssets under management" were only about 20 million dollars - rather a feeble amount for a guy who's mis-managing other peoples' money.

Paul