Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.14

-0.8%

Jan 9 9:30 AM EST

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To: AK2004 who wrote (4311)	8/10/2000 3:51:50 PM
From: andreas_wonisch	Read Replies (2) of 275872

Albert, Re: before I left home in the morning, there was a guy talking on cnbc about value of ta. [...] There are no underlying reasons what-so-ever for the stock moves but that is how it works. In this case we have a problem: The stock is technically extremely weak and is currently below all import support lines except the 200 DMA. If this support breaks the next support level would be in the $42-$45 range (at the gap from march). Currently we need prices above $70 to break the downtrend. There were two major sell signals when we broke below this level, just look at this chart: investtech.com Let's hope that the still very strong fundamentals can reverse a crash down to the 40s. Andreas

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