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Politics : Formerly About Advanced Micro Devices

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To: Jack L. Dlugach who wrote (528)6/29/1996 1:54:00 AM
From: charles moore   of 1587056
 
Jack:
Ive been playing around on this TC2000 and am a little behind
on my reading. I would like to mention one thing. A few days ago I
mentioned that Two stocks according to these charts and which I
hold had accumulation especially Glaxo (GLX).

Today it was announced that the Supreme court had voted to
uphold the Loophole in GATT which resulted in the Drug COS patents
being extended for a few more years beyond the nornal expiration
date. Is this coincedence that previously and now there is strong
Buying. These charts are supposed to be a relative of I believe
Volume tick buying etc.

The Chart of AMD looks relatively the same as it has for the
past few months.It now has about the same selling on the graph as it
has in the past 3 or four months on its dips otherwisw it looks the
same. If it continues to show more selling after the next few days
then maybe it can go lower.

I still agree with you and feel this is a value play if one
is willing to wait.I would say at least 18 months and possibly longer
unless there is some good news in which it will be factored into the
stock by the time the guy on the street gets the word.Glaxo went
up a point in the last few days and closed the same today as
opening even with strong buying. Of Course, GLX has a huge
outstanding number of shares so maybe there is more to come.
For the reasons mentioned before the Glut will eventually
be over in all aspects and there will be expansion Overseas and to
some degree AMD will participate. The question is to what extent. I
think over the long term one will do better than the Bank in AMD and
again the question is to what extent.I read the other day that the
Vendors are going to offer less Pre-installed Software on the
Computers they sell because there profit margins are getting
squeezed whether its "Intel" inside or not. Also that even with
reduced Prices that the Buyer is still spending about the same
amount of Money but is using the savings in the prices of the reduced
cost of the components to buy more bells and whistles such as
more Multimedia etc.Someone has to make those components they are
upgrading to.
Charles


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