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

To: Gary Ng who wrote (81285)	5/21/1999 7:10:00 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

RE: 24x7 trading From my perspective, this would be a nightmare. The biggest problems would be the release of significant news, such as earnings. Today, the market has time to adjust, listen to a conference call, and examine the impact. With 24x7 trading, there would be no adjustment period, and the market would have to adjust on the fly. What would next happen would most probably be a tilting of the playing field away from the individual and towards institutional investors, the exact opposite of the intent. Why? Think about the release of earnings now. A press release is issued. There is a conference call. Everyone listens to the conference call, and makes their own assessment. The next morning, analysts make their recommendation. With 24x7 trading, the second earnings are announced, everyone attempts to call their "sources" within the company. Because the earnings are public information, those "sources" are free to talk about the earnings. Information that previously would have been released during the conference call instead would be slowly released before the call through those "sources", usually to the privileged few (i.e. analysts). The analysts then call their best clients first. By the time the conference call occurs, the information is old news. The retail investor is left out in the cold.