Advanced Micro Devices - Moderated (AMD) Message Board

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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: ptanner who wrote (1655)	7/20/2000 4:25:42 PM
From: chic_hearne	of 275872

Re: Similar forward PE as AMD so I thought I would diversify a bit by adding some NSM. PT- To use the mining analogy, NSM is known as the "canary". When the SOX tops, NSM is the first to go. It needs to stay above $50 to avoid falling below its 200 day moving average (closed down $5 to $45 today). OTOH, a few days ago there was a sale of 4400 August 65 puts for over $7 million. Obviously, someone big thinks it will be moving up over the next month. SSB really f*cked the SOX. Someone had to break the ice. chic

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