Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Fiondella who wrote (48455)	2/22/1998 5:15:00 PM
From: Paul Engel	Read Replies (4) \| Respond to of 186894

Paul - Re: "he has nothing to lose but his net worth." You are finally correct on some thing. On the other hand, your wise investing has probably decreased your net worth considerably. Be prepared - you may lose even more. Unless you short Dell - do it soon. You can potentially recover all your other losses from Intel and Microsoft short sales. Do it - no, don't buy Nike - Short Dell! Paul

To: Paul Fiondella who wrote (48455)	2/22/1998 5:40:00 PM
From: Ian Davidson	Read Replies (1) \| Respond to of 186894

Paul I'm not sure why you would take advice from "Fleck" as you put it, seeing as he's been dead wrong about everything re: the P.C. industry for the past 3 years that I've known about him. The first time I saw him he was telling everybody that he had gone into some retailers like Best Buy and Comp USA and they were absolutely "swimming" in inventory.....therefore the whole industry had to be going to hell in a handbasket,and as a result he had shorted all the major boxmakers plus Intel....BIG TIME. Well he was right. Retail sales were soft....there was lots of inventory. But he forgot, or didn't know, that retail sales only comprise 16% of total computer sales. The other 84% that were in corporate, gov't and education were growing like a weed! As a result, when these companies reported their quarters, and blew away their estimates, poor old Fleck took a major sh*tkicking. And of course then came the old familiar excuses......"yeah, but Intel cooked the books and Compaq stuffed the channel".......yadda yadda yadda! So once again, about a month ago when Intel was at $70 he proudly announced to "Fleck's flock" that Intel was his largest short position. Ummmmmmmmmm.......well, you know the rest. Ian