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Politics : Formerly About Advanced Micro Devices

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To: Process Boy who wrote (87216)1/14/2000 12:55:00 PM
From: Charles R  Read Replies (2) of 1572906
 
PB,

From your link on Cramer:

<The revaluation also squeezed the shorts who thought the only thing that would matter would be the earnings number that printed. Some of them are still fighting a rear-guard action to minimize the posted earnings, claiming that it was inflated by Intel's brilliant cash management and its gains on investments. But in an era where CMGI (CMGI:Nadaq - news) trades at a $50 billion market cap because of those kinds of investments, it seems a little silly to expect that Intel will be penalized for its incubation profits. >

Cramer makes good points and I can see that he has much better pulse on trading psychology than I do. (now it doesn't take much for that since I am not a big-time trader).

Having said that look at companies like ALSC and SIII which have massive (and I mean MASSIVE) earnings from investments and the street doesn't give a damn.

I was smart enough to know Intel may not go down after earning and not bet against it. So, I have no interest in what happened yesterday other than what it means to AMD (which is very very good).

Congrats on the runup to all the INTC longs. Ditto for AMD longs.

Chuck
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