Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Rob S. who wrote (123963)	9/15/2000 11:49:14 AM
From: tejek	Read Replies (1) of 1580154

I think it is time to buy AMD. I bought at 27 1/4. If I am right, this is the low for the period. A retest of 27 1/8 is possible. Reasons for thinking it has turned: The stock has hit a major trading support level. The aggressive dumping has abated - the trading action just looks right to me for a reversal. I don't expect this to become a darling momentum play but should see a modest relief rally for the next few days. Reports of AMD's death have been greatly exaggerated. I think you are right....the chart shows the makings for a double bottom. I suspect the funds that downgraded the stock have finished their dumping. Its interesting in that you want the funds to pick up a stock that you own......but its so double edged....when they freak, you pay the price. ted

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