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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (81139)11/28/1999 1:57:00 PM
From: Richard Wang  Read Replies (1) of 1574262
 
ted,
In my previous posting, I prescribed AMD to go to 33, and that the journey there may start soon.

The journey likely has already started. Short term bias is extremely bullish, however, we may see some resistance from here to 30. Short sellers are fighting every 1/8 of the AMD upward movement, and have not thrown in the towels yet. We should see a bit more tugging on the way to 30. Once we get to close to 30, the shorts will cover, and the trip to 33 will be faster.

Richard
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