Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Hank who wrote (6684)	4/10/1998 4:13:00 AM
From: Bill Wexler	Read Replies (1) of 18691

Am I the only who's noticed AMD? While we are here beating ourselves up over the net stocks, AMD has just screwed up in every way imaginable after a short run-up on speculation of an IBM deal (didn't happen...won't happen), losses were even worse than expected, Intel will present even scarier competition on the low end than anticipated, and their credit rating was cut tonight. Add in the fact that semiconductors are going to be in the dumps for quite some time and I think that the high teens is a layup (stock closed at 26 and change today). In fact, I've got a gut feeling that we're going to retest the summer 96 low (damn near 10 a share).

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