Formerly About Advanced Micro Devices Message Board

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.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe NYC who wrote (102897)	4/7/2000 12:22:00 PM
From: Joe NYC	of 1575984

More from Raging Bull: AMD -- Semicndtr-Brd Line -- Technology 07-Apr-00 10:37:29 Advanced Micro Devices has reversed its early losses to gain $2 7/8 to $73 13/16 on the heels of yesterday's 2 5/8 rise. Upbeat analyst notes continue to propel AMD higher following the company's announcement that it expects 1Q sales to surpass $1 billion. This morning, Gruntal & Co raised its 1Q earnings estimates on AMD to $0.62 from $0.48 and raised its intermediate price target to $85 from $60 following a series of upward earnings revisions from analysts yesterday. AMD's positive earnings pre-announcement has lured momentum investors back into the issue, sending the stock over 20% higher in the past three session. Notably, the positive momentum has helped AMD break out past its brief consolidation period in the upper $50s/low $60s. In the pre-trade market, I-Watch illustrates a few sellers looking to cash in on the recent gains. While the supply has not considerably offset the strong demand, AMD is facing resistance as it nears the record high of $74 1/4, hit yesterday. Block trading data indicates that institutional investors are very active participants today, with 49% of today's activity related to trades of more than 10k shares. Thomson I-Watch Midday Update thomsoninvest.net

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next