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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (121417)8/1/2000 5:03:42 PM
From: xun  Read Replies (2) of 1575708
 
Ted,

I agree with what you said w.r.t the general market. I have be experiencing the same excruciating pain every year in the past four years. That's just part of the new investment environment in an Internet era. If we go back to 80's (WMT) and 90's (DELL), both stocks dipped about 50% percent from their highs for more than once.

As AMD is concerned, now is a hard time for speculation on a weekly or monthly basis. But for return on equity, AMD is among other issues a tremendous bargain. Why are there few people buying? Every time there is blood on the street, only a few with smart money have cash in hands. It happens to me again and again. But I don't worry about my AMD shares as long as I don't get margin calls. Currently, I don't have margin debt but don't have cash either. If I don't see any concrete evidence that AMD is on the verge of an disaster like before, I will hold onto my shares even there is another Asia crises in October.

Both AMD boards have gone from the extreme right to the extreme left lately. Was there a lot of greed when AMD was in 90's? Or is there a lot of fear now with AMD in 60's? That tells me the smart money in the WAll Street has achieved its goal. That is, blood is flooding on the Street.

Regards,

panic
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