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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.39-0.1%10:53 AM EST

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To: niceguy767 who wrote (5573)8/18/2000 2:31:22 PM
From: EpinephrineRead Replies (2) of 275872
 
Niceguy,

<AMD is a very different company now than they were in the past>

I think that you underestimate the time that it takes for sentiment to change. They may be wrong but there are many previously burned analysts and investors that are not convinced that things are different this time.

In fact I think that the current stock drop is a tremendously healthy thing for investor perceptions of AMD. In the past AMD has struggled for and attained a modicum of success only to encounter difficulties and disappoint investors. There are a huge number of paranoid investors out there that have seen AMD's stock repeatedly make a large run up only to fall straight back down to previously levels and stay there. It's happened several times.

But if AMD can rally out of this drop, continue to execute, and resume the stock's climb then the past pattern will have failed and I think that would go a long way towards changing the perception that any drop in AMD's stock is a signal that the good times are over and it is time to head for the exits. The retracement and ultimate hold and resumption of climb will possibly instill the investor confidence that it is indeed different this time.

But changes in sentiment may take longer than you think.

JMHO,

Epinephrine
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