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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 221.56+0.2%3:59 PM EST

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To: f.simons who wrote (20234)11/22/2000 5:09:12 PM
From: niceguy767Read Replies (1) of 275872
 
frank:

"OK, I'll bite. What is it the result of?"

Two major categories of risk: Market Risk and Company Risk. With 4 successive quarters of record revenues and earnings and an Athlon architecture that has superceded that of PWeeiii in the past year and an architecture, which so far, looks superior to INTC's next generation P4, I wouldn't think Company Risk is a major contributing factor to the ridiculously low valuation of $19-5/8...That leaves Market Risk, which has so far obviously been indiscriminating in its destructive purging of all tech market participants including AMD which, I would argue,in a neutral sentiment setting, is approximately $30 below a reasonably conservative valuation, based upon existing fundamentals...

As I mentioned yesterday, from a technical perspective, a major price change for AMD is in store by the end of next week owing to the triangular pattern currently in place...I'm hoping for breakout of the upper boundary at $21-1/4 as opposed to the lower bounday at $19-1/2...Upside breakout takes AMD to a test of $24-3/4...Downside, hard to tell...
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