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Politics : Formerly About Advanced Micro Devices

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To: Scumbria who wrote (111840)5/22/2000 12:38:00 PM
From: chic_hearne  Read Replies (2) of 1579893
 
Re: This is what concerns me. All the semiconductor companies are forecasting record sales, and the Fed has created an atmosphere where investors are fleeing from those companies. The marketplace has been perverted.

Scumbria,

I think this is all due to valuations and little to do with the fed. If it wasn't the fed, there would be a different excuse. People are looking for a reason to sell, whatever it may be. I think it could get a lot worse. Stocks like CSCO, ORCL, SUNW, etc are all still terribly overvalued. Any form of traditional valuation would have all of these stocks below $30 a share, but look at where they are now, even after being down significantly.

I think it's going to be tough for AMD to perform well unless the big cap Naz stocks can make a turn around sometime this year. I think both of us are lucky we moved a big portion of our cash into Jan 100's a while ago. Hopefully, the markets can turn around by then.

I'm done looking at the market for today, it's too painfull.

chic
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