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

To: greg s who wrote (67181)	10/22/1998 2:33:00 PM
From: GVTucker	Read Replies (4) \| Respond to of 186894

The postulation that somehow Merrill and Kurlak are negative on Intel in order to help out hedge funds that are short INTC is brain dead. Think about it logically for a moment. There are 18mm shares of Intel sold short in TOTAL. Intel could move 50 points in the next year, an unprecedented move, and the AGGREGATE loss of every single short seller would be under $1 billion. Similarly, if Intel were to drop by 50% in the next year, this would barely make a dent in a large hedge fund's performance. Either way, there are much better ways for Merrill to unethically reward their hedge funds' performance than by influencing Kurlak's opinion. In addition, if Kurlak were to change his opinion, that wouldn't make much more than a 5 pt move in the stock, barely a blip on the large funds' radar, and even then that wouldn't be a sure thing. As I have said all along, anyone who believes that has no understanding at all of how Wall Street works. People who are the scumbags there would prefer to trade in a much more certain, and much more rewarding side of the business.