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Politics : Formerly About Advanced Micro Devices

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To: Mani1 who wrote (112157)5/23/2000 4:20:00 PM
From: chic_hearne  Read Replies (3) of 1570090
 
Re: So you guys should have a banner day tomorrow. I try to buy at the open if things look good.

Mani,

I just made the rounds at work and at least a few people will be getting margin calls today or tommorrow. This could be a very rough next few days. I think Nasdaq 2400-2600 is a very good posibility over the next few months. I wish the "bubble" would just pop so we could get it over with. Some of these "speculative bubble stocks" still have a long ways to go down. I don't think things will be over until we start to see some prices like this:

SUNW- $30
ORCL- $20
YHOO- $30
INTC- $60
CSCO- $25

This has nothing to do with Greenspan, it is because valuations have become historically out of line!!

The good thing is, AMD fundamentals are better than ever and January calls are very cheap and attractive.

chic
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