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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.83+1.7%Jan 16 9:30 AM EST

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To: Mani1 who started this subject9/19/2000 10:25:43 AM
From: niceguy767Read Replies (1) of 275872
 
Looks like the sellers have finally been wrung out...and what's more, looks like some fairly heavy buying has materialized...If it can go down $22 in 2 months, I suspect it can go up $22 and more in the succeeding 2 months as it becomes apparent via Q3 reporting, new product intros and rising ASP's during the transition from K6 to "spry Athy" that AMD is not only for real in the short, medium and long term but can deliver both outstanding product and outstanding profitability...Looks like today finally marks the end of the negative phase and its riduculously low pricing and the beginning of a new positive phase...I won't be surprised if this new positive phase isn't almost identical to last year's when AMD ran from $28 to $95 over a 6 month period...After all, AMD is positioned more strongly now, than it was 9 months ago when the last positive upswing from $28 began...No icebergs ahead, right Paul???
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