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: trouthead who wrote (66635)	10/14/1998 3:20:00 PM
From: Srini	Respond to of 186894

Re: "MF board is so slow could you post the post here?" Here it is......( I have left out the name of the poster) I have an opinion of the bona fides of Mr. Kurlak and his employer Merrill, Lynch--and it is not flattering. On a scale of 1 to 100, Kurlak rates either a 25 for being intellectually able to understand chip companies, or else he is somewhere in the 80 to 100 range, but in that case, his ethical standards rate a rating of from 0 to 5. Basis for my opinion: 1. Guess what--hedge funds sell stocks short. 2. Of all the Wall Street Brokerages, the one with the most exposure to hedge fund clients going belly up is Merrill Lynch. 3. The NASDAQ comapny whose shares have the most extreme short position imaginable (at least for a charter member of the nifty fifty) is Intel Corp. 4. Shaort positions are owned by somebody. 5. The somebodies include hedge funds. 6. The somebodies who are hedge funds who are massive short Intel would suffer financial losses on top of the ones they have already suffered in 1998 if Intel's stock price were to sky rocket upwards because of a short squeeze. 7. If these hedge funds suffered exteme Intel losses in a short-covering panic, Merrill Lynch might be named a creditor in one, two, three or more hedge fund bankruptcuies or Chapter 11 filings under the federal bankruptcy code. 8. If # 7 happened, the price of common stock of Merrill Lynch which Mr. Kurlak owns would suffer a still greater decline in value thatn the 55% loss it has already suffered. That is particularly so if one of the bankruptcies involved an entity called Long Term Capital management. Now, do we FOOLS understand why Tom Kurlak is negative on Intel? I am in the camp that says Mr. Kurlak is very intelligent (I would give him a 90), and therefore the ethics conclusion is obvious.