Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ajbrenner who wrote (102715)	4/7/2000 12:41:00 AM
From: niceguy767	Read Replies (1) of 1575840

ajbrenner: Re: "I'm open to anyone's suggestions on how to play this out." Comment: Since you asked, current trading range is $60 to $100...Volume of past 2 days of 20 million shares or 15% has established a pretty firm base...Pretty obvious today that a base between $70 and $72 was established with the gap to $69 for all intents and purposes being closed...Last I saw the close at $71 was firmly in the middle of this base...It's perfectly natural to look for some retracement after a 10 point rise (from the close) the past 2 days...but don't count on it...Gap has been closed, significant volume today between $70 and $72, Dell in the wings, bargain at double the price, outstanding earnings anticipated and the bandwagon effect firmly entrenched with the past 2 days of volume...When tech stocks start running as AMD has the past 2 days, they often run further and faster than any reasonable prediction would project...Won't surprise me if AMD is significantly higher than $71 prior to earnings release...Just too much value here! AMD remains an outstanding buy at $71...May not have an opportunity to purchase in this buy range ($60 to $75) once earnings are released if record revenues (which we already know) and record eps are validated in the earnings release...AMD looking forward has the very real prospect of achieving at least 5 successive record breaking quarters as a richer blend owing to increasing Athy concentration in microprocessor mix going out increases ASP's going forward! AMD has just been discovered by many institutions...No major downturn is in the cards prior to earnings release and if earnings surpass street estimate of $0.48 (conservatively they'll surpass that by $0.30), then look for upward bias to take AMD to $100 at the earliest by April 20 and the latest by July 21...The train has just now left the station...Any stops along the way will be very short-lived! ($70 minimum the day after earnings, $100 maximum)!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next