Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 213.43

+6.2%

Dec 19 9:30 AM EST

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To: fp_scientist who wrote (14904)	10/18/2000 7:03:03 PM
From: Monty Lenard	Read Replies (1) of 275872

I think it will be a while before INTC FILLS the gap. I can tell you what generally happens here. When INTC first hits the bottom of the gap (50) it should retrace to about 44 and try it again. When it actually fills the gap at 62 1/2 you are going to get many sellers because there are a ton of shares sitting there that is saying "If I ever get my money back I am outta here". I BELIEVE that you will see it TRY to move up but fall back before it actually makes the REAL move to the bottom of the gap. INTC has a Tweezer Bottom on the weekly chart at 35 (if it does not break below 35 this week). From a technical standpoint 35 may be the bottom if no more bad news crops up. If it trades below 35 I believe you will see 31 1/4 and if it breaks that 25. I know people will laugh at the possibility of 25 but who would have believed YHOO would go from 250 to 45 or AOL from 96 to 37? Now this is not a recommendation to buy or sell intc just my best shot at your question. Monty

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