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


To: TTOSBT who wrote (53519)4/16/1998 9:44:00 AM
From: Thomas G. Busillo  Read Replies (1) | Respond to of 186894
 
TTOSBT, absolutely. Kurlak gets away with it because to the SEC it's "his job". He's just "an honest broker" giving "advice" to "clients". And the fact that a VERY, VERY SUSPICIOUS late-day report of a downside price target attributed to Kurlak, WHICH HIS OWN FIRM REFUSES TO CONFIRM gets broadcast on the leading broadcast financial network and suddenly leads to a 2 1/8 pt. SELL-OFF IN THE FINAL 25 MINUTES OF TRADING, DIRECTLY TRIGGERED BY CNBC BROADCASTING A PRICE TARGET ATTRIBUTED TO KURLAK well, to the SEC it's just "business as usual".

Don't know if you caught CNBC after-hours, but there was a call from a viewer for whoever their guest analyst was at the time. The guy sounded to me like a older retiree and his comments were basically: "what do you think of Intel? I like it. I know Tom Kurlak doesn't like it. But I like it..." and the frustration in the guys voice was palpable. The guest gave a look that suggested she seemed to know exactly what the guy was saying and responded "we like it too."

IMHO, that was a very poignant moment.

The SEC is supposed to help protect that guy.

Good trading,

Tom