SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dan3 who wrote (109431)5/5/2000 3:36:00 AM
From: ptanner  Read Replies (1) of 1583682
 
Dan3 - Re: Shorts vs Float

<Now, this per se is explosive, but when you add to the equation that Fidelity last month bought 8.7 MM shares...>

A few ideas on this one:

(1) Fidelity may have been acquiring shares earlier than they filed the 13-G (which is required when they reach 5% of the total shares). Yahoo lists two Fidelity funds with 0.5M each (as of 4/14) within the top holders. Another source (http://www.insidertrader.com/freestuff/ticker_summary.asp?search=1&criteria=amd&Submit1=GO) indicates the 10th largest at the end of 4Q99 held 2.6M so Fidelity apparently has added at least 6.1M during 2000.

(2) Fidelity may also not represent additional accumulation by institutions/mutual funds but a purchase from another big holder.

(3) I have not found a good source to identify who the 28% insiders are which makes me wonder if this number is actually not correct. Other sources have said 6% and AMD's own materials only seem to show about 3%. This would make a big difference on the % float.

(4) Some of the shorts may be hedges by holders of the convertible bonds. (Similar effect observed in APPL last year due to increase in share price above conversion price. Bond holders lock in a gain and continue to earn 6% on the bond -- sort of a "covered short"?)

It is nice to see some big money interest in the stock and there may still be too many shorts out there... Can't imagine why unless they only look at historical graphs and are ignore fundamentals.

PT
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News