Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 259.65

+2.3%

3:59 PM EST

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To: Monty Lenard who wrote (10869)	10/2/2000 7:35:40 PM
From: TimF	Read Replies (4) of 275872

Now I have a question for you. Why did it hold at 23. Can you provide me with some fundamental analysis that explains why the price stopped at EXACTLY 23 after falling from 90ish? Is there some fundamental analysis that you can provide that proves that 23 is the MAGIC LOW VALUE for AMD? Monty I wonder how much this type of technical analysis is a self forfilling prophisy. If a number of traders feel there will be strong support at 23 for technical reasons then some of them buy at 23 and keep the stock from declineing. How much does technical analysis predict what traders will do, and how much does it cause them to act in certain ways? Tim

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