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Politics : Formerly About Advanced Micro Devices

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To: kash johal who wrote (79574)11/12/1999 1:15:00 AM
From: Paul Engel  Read Replies (2) of 1572208
 
Kash - Re: "What is your exit price."

It was around $29 - $33.

However, since AMD blasted UPWARDS by $5+ today, my guess is that everybody will be INFLATING their expectations (reading all the posts here tonight, this has ALREADY HAPPENED) for Q4 - and ALL of Year 2000.

So my guess is that the short-memory AMD lovers will push this stock up to astronomical levels through early January, in anticipation of the "blow-out" Q4.

This level could be quite high - so I won't bother to predict it - I'll just wait until the first or second week of January and watch the stock price climb - right up to the earnings announcement date - and make a decision then.

Re: "Is this a quick trade for a day or so or do you plan on holding for a while."

I will hold at least until early January - as per above.

Re: "Congratulations on your AMD profits and quick finger trading."

Thanks - I got REAL lucky - and placed a "MARKET" order at around 9:32 (PST) time as soon as I saw the headlines from the Analysts Call. I normally never place market orders, but when I found out the stock was halted at precisely that moment, I went for it. I guess I got my order in near the "top".

I just got lucky this time.

Paul
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