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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: greg nus who wrote (25520)	11/5/1997 5:08:00 PM
From: James Yu	Read Replies (1) \| Respond to of 1588040

greg, WOW! your post will break Paul's heart. Wake up, Paul! "Screwing up future, you will get nothing." When INTC drops $50s(I don't wait for $40s), I will buy one share for souvenir. Best wishes James

To: greg nus who wrote (25520)	11/5/1997 11:24:00 PM
From: Paul Engel	Respond to of 1588040

Greg - Re: "Intel Now Cursed by Fleckstein! The famous hedgefund manager, avid shortseller Flickstein is leading the charge to short sell Intel, target price low 40's. " The interview with this guy Fleckenstein that I read - about 2 weeks ago - contained an admission from Fleckenstein that he has been in a short position on technology stocks for over two years: {===============================} "Barron's: You must be a glutton for punishment, Bill. Fleckenstein: Well, for the last couple of years, I admit it, I've been short -- mostly technology stocks. I've had only four longs, over that entire stretch. But the fact that I've had better than flat performance over that time means that, on a relative basis, I've done okay. Although that begs the question of why I was dumb enough to do this in the first place!" {=============================} Interesting - He's been short Technology stocks for what 2 or 3 years? So - he has been WRONG for 2 to 3 years. Now that there is a downtrend, he supposedly is "right". That makes him a genius? Being WRONG and SHORT for three years? Let us assume he shorted Intel 2 years ago - On October 25, 1995, Intel was trading for $34. Greg - THAT'S $34 - with Intel down today to $74 5/8, this BOZO IS STILL LOSING $40 for EVERY SHARE OF INTEL he shorted! And he's a financial genius? This guy has lost big money for his investors. And he's a financial genius? Paul