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Politics : Formerly About Advanced Micro Devices

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To: Cirruslvr who wrote (112600)5/25/2000 2:34:00 AM
From: Charles R  Read Replies (5) of 1571072
 
<That is why I don't care much about the movement in the past few days. Well, except that I don't have more cash to invest. ;)>

How true! I backed up my truck when AMD "puled-back" to low-80s. Looks like I tied-up my funds a little too early.

Here is an interesting dilemma based on the AMD price action in the last couple of days.

I have been writing 80/85/90 puts over the last month or two thinking AMD would not correct more than 10 or 20 percent but given how this market has turned out and how AMD stock was not able to hold the 70s, I am wondering if it make sense to take a little bit of additional risk and write a few at-the-money puts now.

How low could e possibly go from here? Would I end up tieing up some serious cash if Nasdaq were to go to, say, 2400. How much cash, as a percentage of portfolio, are people keeping handy? Any thoughts?

What news is out there in the very near term to support the stock from sinking from the current levels?
- Stock split (highly likely)
- Thunderbird/SPitfire launch (highly likely by June 5th and 99.999% before end of June)
- Earnings preannouncement (highly likely)
- Blowout Earnings (almost guaranteed)
Anything else?
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