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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 210.78-4.8%Dec 12 9:30 AM EST

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To: Scumbria who wrote (1032)7/18/2000 9:43:59 AM
From: that_crazy_dougRead Replies (3) of 275872
 
<< we have a 25% chance of seeing $120 by the end of the week

Usually, the stock tanks after earnings. >>

Trends usually don't last too long after they are recognizeable. Also consider this:

Q3 after earnings price about 17
Q4 after earnings price about 35
Q1 after earnings price about 75?

In each case we were still roughly double the previous quarter price, to make that same comparison, we'd have to be up to about 150 at july, which certainly doesn't seem to likely. I don't think we've got nearly as much ground to give back after blow out results as we've had in the past.
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