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Politics : Formerly About Advanced Micro Devices

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To: Dan3 who wrote (104833)4/13/2000 12:29:00 AM
From: Charles R  Read Replies (5) of 1577179
 
Dan,

<Resulting in a share price of $300 to $750.>

IMHO, calling AMD's stock price based on performance after Q4 2000 is insane. If momentum investors push the stock price anywhere close to this range, I would sell a large part of my position.

Saying AMD should be overvalued because the other companies are overvalued is a terrible way to look at things - though that's how the stock market has been functioning of late. And, that is the thinking that causes the volatitlity that you see in the markets today and causes a lot of "late mover" investors to get burned in the process.

Semiconductor industry is cyclical and Intel is a very aggressive competitor. AMD's earnings growth will subside - it is just a question of time.

I would seriously urge this thread not to get into a la-la land like what is seen on some internet threads (or even RMBS). At the end of the it is the manipulators that come out ahead in those games.

Chuck
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