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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Paul Engel who wrote (110353)9/19/2000 5:41:12 PM
From: jmac  Read Replies (2) | Respond to of 186894
 
The beef is that a lot of people didn't. I am so tired of analysts doing this type of thing. Wittington's use of his power was just so blatant that it really got under my skin. When CNBC folks more or less ackowledge that something funny is up, then you know it's got to be apparent to everyone (although they love to bash analysts also). This just isn't right and ought to be stopped.



To: Paul Engel who wrote (110353)9/19/2000 6:07:54 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Paul,

re: "Where's the BEEF?"

Good question. If you are looking for the beef, the first assumption you have to make is that the market for Intel stock was purposely manipulated, for the manipulator's profit. (I don't know if this is true, in fact I suspect that it isn't true)

If someone did manipulate the trading in Intel stock, and you and jmac happened to be on the right side of the trade, it doesn't make the actions legal or ethical. If that was indeed the case, the responsible parties should be prosecuted in both the civil and criminal courts. We are talking about $Billions in market cap, not petty theft.

The stock market has long had a rugged reputation, buyer beware. But participation in the markets has increased, much less sophisticated folks are betting their retirement dollars on the assumption that they have a level playing field. They are the most likely to get stung by a downgrade/upgrade scam.

Change isn't always bad,

John