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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (121524)8/2/2000 3:59:07 PM
From: Gopher Broke  Read Replies (2) of 1575422
 
I don't mind averaging down if I think a stock will eventually go up from my original purchase price

I bought 3K shares and 30 Jan 2002 $60 calls today, which has consumed all of my cash. Now I am seriously considering liquidating the rest of my portfolio and putting it all in AMD.

The only thing holding me back at present is the risk that there is material news that has been leaked to the fund managers to trigger this drop. But if we hear nothing in the next couple of days then I will definitely be reallocating funds despite the risk. None of the other stocks I hold has such high growth, low PE and analysts targets of the price doubling (from current position) within a year.

And I just don't see Intel having any answer to AMD's technology at the moment. Where is Willy, anyway? Are Intel going to use the old "chipset issue" excuse to avoid having to admit that Willy is slower than P3?
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