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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 219.83+1.1%3:59 PM EST

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To: Steve Porter who wrote (1449)7/19/2000 9:58:00 PM
From: kash johalRead Replies (1) of 275872
 
Steve,

I felt that peck was fair.

He mentioned the blowout earnings and said top lines sales was light vs expectations.

In addition he cautioned about price of the stock as having a blowout priced in.

Perhaps he is right on this too.

The limited afterhours trading was none too positive imho.

And we know the option expiry is friday ... so probably some downward pressure there too.

We will likely swing with the market although $80 seems more likely than $100 this week.

August calls may be a good buy on a pullback.

We will have the split and the 1.1Ghz AThlon intro.

regards,

Kash
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