Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Charles R who wrote (81851)	12/2/1999 10:19:00 PM
From: kash johal	Read Replies (1) of 1576612

Charles, Re:"short term correction" I am very bullish on the tech sector long term. And I have enjoyed an outstanding year so far. My feeling has been that their would be a drop prior to Y2K. I can see a 200-300 point drop in the Naz easily. And my expectation is that after such a drop we will recover very nicely. The employment report due tomorrow could be just such a catalyst, IMHO. I may be all wrong and the naz could go up another 100 points tomorrow of course. But the market never seems to go straight up. Jan, I am sure will be great with all that mutual fund money coming in. The only seriously undervalued outfit I see right now is AMD and so I have decided to play options on that. My short term target on AMD is $35 before exiting my dec 25 calls. I plan on keeping my Jan 27.5's. I am still hoping for a Gateway announcement but it seems more and more remote IMHO. If the Naz market goes crazily up in the next few days I may buy puts as well. Anyhow just my thinking. regards, Kash

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