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Politics : Formerly About Advanced Micro Devices

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To: Charles R who wrote (86543)1/11/2000 1:15:00 PM
From: kash johal  Read Replies (2) of 1572566
 
Charles,

My reading of price action:

1. Its been a nice run up. We may consolidate in 33-35 range for a few days until intel earnings.

2. Depending on Intel says will probably dictate price action IMHO.

If Intel is bullish in Q1 and says its sold out - I can see AMD at $40 prior to earnings.

If Intel says they are ready with cumine and able to retake marketshare due to lower costs etc - AMD may dump till $30 range or so.

I am pondering selling my AMD position equity and substantial in the money (jan 27.5s) call position and buying an equal amount of slightly out of money Jan calls.

If we do dump to $30 then I would double up on the Jan calls.

Welcome other folks thoughts on how to play the volatility.

regards,

Kash
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