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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (88822)1/22/2000 1:30:00 PM
From: tejek  Read Replies (2) of 1583416
 
However, I do think it will take three tries to get through the all time high (48) and we've just had one. I would expect the second try to occur with a couple pieces of good product news, OEM news or one of the following: finding a president, selling part of Comm Group, partner for Dresden. The third try will be successful, and I expect it no later than Q1 earnings.

Petz, I think number 2 will be when HP formally announces.
In fact I see AMD starting to move back up next week. I think the selloff was overdone and the smarter investors have moved back in....hence the large volume the past 2 days.

I now understand why Sanders gets into trouble. The street does not appreciate the kind of earnings surprise he pulled this last week and consequently he is being 'punished'. That was evidenced when AMD got only 3 reiterates and a raised EPS target. That's pure bull given the kind of numbers AMD pulled. The street/analysts don't appreciate a lack of guidance when there will be a huge upside/downside and which causes them to lose or not make money. Therefore Sanders touch for the dramatic, I believe, is more responsible for the sell off than anything else.

I suspect next week the upgrades will start to announced reluctantly....after all, these analysts can't afford to cut off their own cajones. There are very few growth tech stocks with rev and earning growth above 15% while sporting a small P/E...that's what will make AMD compelling as an investment in spite of any bad will towards Sanders.

BTW I like Sanders touch for the dramatic....it makes life more interesting.

ted
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