Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 246.76

-0.5%

Nov 14 9:30 AM EST

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To: AK2004 who wrote (3726)	8/4/2000 11:20:14 PM
From: Monty Lenard	Read Replies (1) of 275872

ps I liked the quote though Thanks! I like to buy when the blood is in the streets also but I don't know whether the bleeding is over yet. I bought TXN yesterday on the downgap and made a few bucks and tried twice to catch it today after they sold it off big time and had to back out of it as they were selling EVERY little rally. The first time today was when TXN filled the upgap it had this morning. Normally that is a good trade but not today. That told me they were going lower so I waited for another buy signal ... got about a half point pop and the sellers hit it again. Not the kind of action we were seeing a few months ago????? "Looks like Big Boys are holding and buying amd." I have not had much success following the block money flow because of the way the crooks handle their sells and buys these days. I have studied it extensively and it just has not worked for "ME." Not saying you are wrong but I see the sox being sold hard. Yesterday was a purely technical move. Had nothing to do with fundamentals at all. What disturbs me is (well not really because I have been shorting the market on the rallies since early March)...what I should say is what gives me concern for the GOOD people long these stocks is that they could not hold the rally off the downgap yesterday. I think the sox MAY BE in some trouble right now. Just what "I" think. They should have not been sold as hard as they were today if yesterday was a washout bottom. This market acts like a bear and I am playing it like a bear until it proves otherwise. That false breakout a couple of weeks ago makes me even more suspect. Some of the strongest rallies you will ever see is in bear markets. The VIX is extrememly low! It just can't stay down here long. Now all that is MY opinion. I win some and I lose some. I just try real hard not to lose big. Monty

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