Replies to post #143994 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I thought the mid quarter for INTC is 9/4, closer to two weeks. You expect them to change the target down? I think that at most, they may narrow the range, but i doubt they will lower the bottom of the range.

[TJ Parker]

> intc looks like a pump and dump

well, conspiracy theorist that i am, i'll tell you why i was so confident shorting on friday, and why i chose some of the things i did: because of that "accident" on the s&p on friday. lots of the things i was looking at seemed to become very illiquid and made big plunges. my distrustful mind, that thinks that often the market is just "all theater", figured that the intel news was their way of taking it down in a more controlled manner. i would have bailed if we continued bouncing off 998 on the spx all day (i covered gm after we did the 2nd time), but when we finally failed, i held on to the end. even kopn, which rose to a new high while everything else was bleeding (8.25) - because of the huge illiquidity i saw on the tape thursday; and sure enough, during the last 20 minutes, huge volume came in to drive it down 8% off its high.