SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (121517)8/2/2000 5:10:54 PM
From: Rob S.  Read Replies (2) of 1575740
 
In my opinion, the overall sentiment is undecided but not quite as bearish as it was when the semis were near the edge of the cliff a couple weeks ago. There are some tepid buyers buying on steep downturns but they sell when the mass of the market fails to join the party. Many semi stocks look cheap compared to where they were a few weeks, months or even a year ago. From boom to bust in one brief period. Still, overall sentiment is not to the point where it feels like "blood is in the streets" which leads some analysts to conclude that a more dramatic sell off is needed before "capitulation".

This is a pattern that emerges often during the summer doldrum months: stocks start looking cheap enough to be attractive but enthusiasm is gone (if masses of fools were buying semis a month ago why the heck aren't enough of them buying them now?). The simple fact is that buyers flee to sit in the sun or run around the golf course. Analysts once again forecast history "sell because business is slowing during the summer" - duh. Unfortunately, many of the same analysts urging caution now are the same anal retentives who were encouraging investors to buy, buy, buy when the market was white-hot.

AMD's technical analysis is among the weaker mid-term charts in the sector. However, it is also one of the most oversold short-term and better looking longer term. It has come down near a long term trading support level and well bellow the 180 day trend line. AMD broke under support at 64. Imo it has a fair chance of going down to around 54 if AMD doesn't hold here and pop up.

I think this is a "buying opportunity" which is like a spike in the ear to any unfortunate investors who are on margin. Those investors may be forced to sell their holdings in AMD regardless of how cheap it looks or what it might do in the future.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News