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


To: TTOSBT who wrote (53454)4/15/1998 6:16:00 PM
From: John Chen  Respond to of 186894
 
TTOSBT,re:"unethical". What is that? Do you know how rich people
get richer? Most if not all RICH people see making money is ethical,
regardless of how, as long it doesn't get caught.

There are too many examples and facts that I know about how RICH
people operate. I see why they are rich and I'm only OK.

A story:
I know this guy who wants to buy an old corolla from me, he works for
a rich lady who directed him to me. I said $1000, then work down
to $950. Finally I told the rich lady I'll sell it for $900. The rich
lady said don't tell him $900 because she wants to make $50 out
of this guy by lending him $200 for a month or 2.

So the guy thought I was selling the car $950 and didn't know the
rich lady profitted in the deal. The rich lady has at least 5M
in assets while the other guy is mowing lawn and doing chores for her.
End of the story.

I don't know what we should call those guys. I respect (finally)
their talent in making money, which is their only job. They have to
create panic situation in either direction to profit. If the target
is only $5-$10 from current price, most will just hold. So the $60
target is a very reasonable 'panic number'.

If you are not a trader, you don't suffer financial loss. However,
long term investors do suffer a lot emotionally with these
wild swings.

I used to comfort myself by telling myself that I go to heaven and
they (manipulators) go to hell. I'm not sure anymore. It's seems to
me that MONEY can do a lot more than we think. Maybe those guys can
tip off the 'heaven gate keeper' on special IPO or upgrade/downgrade
announcement.

So help me God.



To: TTOSBT who wrote (53454)4/16/1998 2:38:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 186894
 
If I remember correctly, the observations a couple of weeks back was that Intel is now using ML as its only outlet for selling Intel puts.

I understand the company takes in a lot of money on these.

Gersh