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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (115026)6/8/2000 8:10:00 PM
From: TGPTNDR  Read Replies (1) of 1583862
 
Ted,Re: <I regret bringing ...>

Sorry you regret, and sorry if you feel bad about it. I agree with you, to a large degree, and also with Mani.

I have seen the price of AMD seem to be in a downslope in the absence of immediate positive news for over a month. Some of this can be attributed to the overall market.

I have considered the forecasts of future earnings(decrease in 2001 vs 2000) as listed on YAHOO, etc. as one of the reasons. They have been there for at least the last three months. When you read the individual reports that make up the decreases it is clear that taxes are the reason given for the lowered 2001 earnings.

Many do not look at or know the reasons. I seriously hope that we will come off 'tax free' in Q3 but doubt it. There should be some serious tax loss provisions that can be tucked into the communications sale.

I think that there remains, despite the large sucking sound from the NAZ internet stocks, that there is a lot of frivolous investing going on. I woiuld not be surprised to see new high numbers for AMD short interest on the next revision.

The months from April to November have long been stagnant months for the chip stocks. (The old rule was 'buy on thanksgiving and sell on Easter'. )

Keep posting your observations. Some will be right, some will be wrong, and I, for one, appreciate every one of them.

If a wrong observation(and I'm not saying you're wrong 'cause I agree with you) causes me to think of something, I have gained by it.

thank you for your opinions!
tgptndr
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