Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 245.13

+5.0%

12:56 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mani1 who started this subject	2/16/2001 4:34:42 PM
From: Petz	Read Replies (3) of 275872

Well, I think the PC slump is worse than AMD anticipated in their guidance so I expect AMD may warn in a few weeks. I sold all my calls (Apr 15's and Feb 22.5's) at market on the open and covered the Feb 25's for 0.05 near the close. I used the proceeds to short TMTA at 32 3/8. I also bought more Intel April 35 puts at 3 1/8. Intel was benefitting today from two things - expiring Feb 35 puts pulling it towards 35 but mostly from clueless people selling their NT and buying a "safe" big-cap tech. This shell game of moving the big money from one big-cap tech to another has been going on a long time, but each time some of the money leaks out. There's a lot of this money under the Intel shell and I expect a lot will "leak out" when AMD starts selling 900 MHz and 1 GHz notebooks. But I'm not sure which will happen first -- AMD warning or AMD high end notebook chips, so I elected to play the short side on INTC and TMTA while avoiding AMD calls for now, but holding on to the stock. Petz

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next