Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (105451)	4/14/2000 10:42:00 AM
From: Charles R	Read Replies (1) of 1572208

Joe, <But then Who are we going to blame the next time we dump a truck load of calls on a market in a single day, and - SURPRISE - the stock goes down? Hey, I want to believe in the "big boys". And Santa Claus.> I agree with your line of thought here. I think there were at least 4 factors that caused the AMD stock price action that we saw yesterday. 1. Options unwinding. This has been constantly killing the stock on the days that people unwind. 2. Yesterday there were a lot of institutional buyers who probably played whatever games they could to keep the stock low as they built their positions. 3. General state of affairs at Nasdaq 4. Clearly there is certain amount of manipulation here. It is tough to keep the stock trading in a narrow 2 point range on over 10 million shares (the 2 point range existed until the end of the day sell-off) Now, if you throw in stock psychology into the mix (how market reacts differently to AMD, RMBS, INTC, YHOO, ....). I fascinated by how these same factors effect different stocks at different times. I bow to the guru who can predict how these factor effect AMD in advance. Chuck

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