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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 204.70-2.5%3:59 PM EST

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To: redbird who wrote (28034)2/11/2001 10:03:55 AM
From: niceguy767 of 275872
 
respond:

The DOW, Nas and SOXX indices look like they are oversold and at the same time AMD has been basing at $24...Although options expiry crosscurrents will be at play next week, AMD should, at least, see new near term high of $26.50 with any stabilizing of the general indices...Strengthening of the general indices could push AMD well thru $26.50...

If options expiry crosscurrents hold AMD to $26.50 this week, the succeeding week could see AMD at $30 as options getting exercised on the Monday and Tuesday could force increased volumes...(All the foregoing assumes stable to strengthening of general indices)
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