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To: John Graybill who wrote (2373)	7/6/2000 3:05:38 PM
From: chic_hearne	Read Replies (2) \| Respond to of 436258

I'm telling ya, these guys are crooks.... Check this one out.... They're not quite ready to let the SOX tank... Intel Calls the Shots When Analysts Estimate Earnings By Phil Serafino New York, July 6 (Bloomberg) -- When Intel Corp. said June 20 that second-quarter earnings would include an additional $1.57 billion from investments, most of the 28 analysts who follow the world's largest chipmaker excluded the one-time gain from their forecasts. As Goldman Sachs & Co. analyst Joe Moore put it in a June 21 research note, the investments are ``non-recurring and not operational in nature.'' Intel spent a week on the telephone, urging analysts to add the gains from sales of investments in companies such as Micron Technology Inc., to their forecasts, said Chuck Mulloy, a spokesman for the No. 1 semiconductor company. And like dominoes falling, Goldman Sachs, PaineWebber Inc., Prudential Securities Inc., ABN Amro Inc., and Gerard Klauer Mattison & Co. and others raised earnings estimates. First Call/Thomson Financial on June 26 bumped its average estimate for the chipmaker's profit to 99 cents a share, from 76 cents, after seeing the majority of new estimates include the investment gain. ``It makes (analysts) look like a joke,'' said Anthony Crooks, a research analyst with First Call/Thomson Financial, which compiles the analyst estimates. Analysts routinely exclude what are perceived as one-time gains from their estimates to focus on a company's underlying business. Usually companies accept that rationale. Not this time. By pushing the analysts to include a total of $2.3 billion in investment gains in their estimates, Intel will report a doubling of second-quarter profit a share. Without the gains, the company would report a 51 percent increase in profit a share. .................... quote.bloomberg.com

To: John Graybill who wrote (2373)	7/6/2000 3:49:58 PM
From: John Graybill	Respond to of 436258

Wow, I've become a "They"! messages.yahoo.com Man is it funny to see that accusation, me and my five contracts are running the market.

To: John Graybill who wrote (2373)	7/7/2000 11:56:19 AM
From: John Graybill	Read Replies (1) \| Respond to of 436258

Pulled the trigger on some NSM Aug 50 puts. All the usual indexes, including the SOX, are noticeably up since 11:00, which has been a favorite time for "Them" to make secondary moves lately, but NSM was sold. Don't see it doing a quick collapse like it just did, but I don't see it making a big display of getting out of the way of the 200-day moving average either. Given the choice, I gotta short the rallies, IOW; plus it's better to be short than flat overnight as well, as DAK has been pointing out.