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

To: Mary Cluney who wrote (49239)	3/3/1998 11:45:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

Mary, Right now Kurlak has egg on his face with Intel...he needs it to go down to bail himself out of his last bad call...To downgrade it again would draw attention to his last stupid call...so what he does is downgrade the whole sector...suggesting that the SOX index will drop a third from 300 to 200. Of course Intel would drop by about a third too. Like 85 to under 60. Then Kurlak is bailed out and he puts on a buy... Trouble is that the guy actually thinks he can pull this off. The only truth to all this is, is that he's overpaid and over followed. ML has had too many "easy" years... Jim

To: Mary Cluney who wrote (49239)	3/3/1998 12:15:00 PM
From: MrCash	Read Replies (1) \| Respond to of 186894

Mary, in a way, Kurlac does well what he is paid to do...generate volatility for ML to use to generate trading and commissions. ML CEO says they are going towards more "Fee only advisors" so here they can earn salary by telling clients "Don't listen to Kurlac, that is just for press. The real money is made buying a few (15-20) good companies and holding for 10 to 30 years. If you want to do well, we suggest you buy Intel right after Kurlac issues a regular downgrade so you can get a reasonable valuation. Sorry, but you are on your own for Cisco and Msft." Seems reasonable, eh? regards Kirk out suite101.com