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

To: SisterMaryElephant who wrote (110369)	9/19/2000 10:01:49 PM
From: Jim McMannis	Respond to of 186894

Steve, RE:"Are you sure about this? I believe I saw one of the expenses Fidelity funds charge customers is a "brokers fee". Also, Intel is not traded on the floor of the NYSE, so it's not like Fidelity has any privileges, it must cost them something to trade. Fidelity may be a bad example; there could be other major holders of Intel stock (pension funds) which do require brokerage services, don't you think" Steve, think about it...a mutual fund churns, they use another division of their own company as broker. They rake it in...just by churning alone. They essentially pay themselves. Guaranteed money... Then they add in the management fees to boot...and the load. Jim

To: SisterMaryElephant who wrote (110369)	9/19/2000 10:29:41 PM
From: Bob Kim	Respond to of 186894

Steve, Fidelity does a certain amount of trading with brokers to keep communications lines opens for research, gain access to analysts, receive allocation of IPOs, etc. Some larger trades or those involving less liquid stocks may require the services of one of the larger brokers, but Fidelity is probably pretty self-capable. Some firms do the majority of their trading in-house and cut checks to the brokers as compensation for research and other services.

To: SisterMaryElephant who wrote (110369)	9/20/2000 7:02:43 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Steve, It was my understanding, from an article I read years ago, that Fidelity uses many brokers, and is very secretive, when making trades. If they were to just go to GS and say sell 40 million shares of Intel, they wouldn't get the price they want, so they have to spread it around. John