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Politics : Formerly About Advanced Micro Devices
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To: SteveC who wrote (103904)4/11/2000 4:48:00 PM
From: niceguy767  Read Replies (2) of 1570842
 
SteveC:

Re: "The 50 million must represent much more than 1/3 of the "effective float," e.g. many institutions and mutual fund advisors can't simply dump a stock in one day. Tomorrow we should close back in the 70s with over 10 million in volume. On Thursday I could see 25 million AMD shares traded and AMD hitting the high 80s.

Comment: Excellent point about the "effective float". I'm thinking a record days volume on Thursday of 13 million shares will fuel a major price revaluation...25 million shares on Thursday would provide rocket fuel, assuming a second successive record breaking quarter comes to fruition tomorrow evening!
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