SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: niceguy767 who wrote (121418)8/1/2000 6:07:30 PM
From: nerd_berg  Read Replies (5) of 1574122
 
It "just" a 50% retracement. It happens to all good stocks. Examples:

Nortel on TSE (ie $CDN) was $30 in Sept 99, got to $105 in March, retraced 50% of that move down to $62 and then moved up to almost $120 a few days ago.

Intel was $35 in December 99, reached $73 in April, retraced 50% to $53 in May and then got back to its highs a couple of weeks ago.

Walt Disney was $23.50 in Nov 99, reached $39 in Feb, retraced 50% to 31 at the end of Feb and then went up to $44 in May.

There are lots of other examples.

AMD was $16.50 in October 99, reached $97 in June. A 50% retracement would take us down to $57. Or we could just use the steeper part of AMD's move starting from $22 in December. The 50% retracement would then be to $62 which is also very close to the 200 day average. We are almost there.

PS I wish I had figured this out before buying some more AMD this morning at $69 5/8.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News