Hi milo:
Re: "Can you give me a more indepth reason of your $120 target?"
Comment: My current price targets for AMD are pessimistically $150 by December 31, 2000 and optimistically, $300 by December 31,2000...It is worth noting with respect to the optimistic $300 Dec. 31 target, that since Novemeber '99, many of my previously optimistic targets have had to be revised upwards...It won't surprise me if the Dec. $300 target ultimately is revised upward either if (and nothing on my radar screen suggests otherwise to me) AMD management continues with its near perfect execution that we have witnessed over the past 12 months...
The $120 target represents the price below which I would not today or in the next 3 weeks sell AMD under any circumstances given AMD's strength compared to industry norms based upon any financial benchmarks measuring current or expected future performance. This $120 target was presented within the context of thread discussions around the pros and cons of the aggressive investment strategy of call option purchasing as opposed to equity purchasing...and my viewpoint is that call option purchasing is a viable strategy while AMD remains below $120, given its glaring current undervaluation at $90, imho ...particularly Oct calls and Jan calls! As mentioned to Scumbria earlier today, I'm wondering if AMD will hit $120 before my June 80's expire...tomorrow's Dresden splash should provide valuable additional "tangible" information that will go a long way toward answering my current $120 quandary...
Please do not interpret the $120 target as in any way representative of any dampened enthusiasm for AMD on my part...On the contrary, I'm more enthusiastic about AMD's price potential now that Dresden copper production is about to become a reality and now that we are about to witness the coronation of AMD as king of the microprocessor with the unveiling of the new champion addition to the Athlon stable, the fleet-footed T-Bird!
One might wish to review DRBES and Dan3's most optimistic price targets for AMD...After tomorrow, they may not look quite so unrealistic as when initially presented back in 1999!
Personally, I am unable to identify any company at the moment, whose future prospects can light a candle when compared to those of AMD...By a wide margin, AMD remains my choice as the one most likely to provide the largest ROI by December 31, 1999! |
