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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 228.62-3.8%1:15 PM EST

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To: fyodor_ who wrote (33765)3/27/2001 3:52:14 PM
From: Pravin KamdarRead Replies (5) of 275872
 
-fyo,

But I like to worry! You see, I just don't have enough stress in my life, so I just bought 250 contracts of Intel April $27.50 puts for $1 each. Their own CEO said that they don't have much visibility for the whole year, but that the 3 month visibility that they did have did not look particularly good. Well, most semi companies have warned, but I don't think that reality has set into the SOX, yet. Once Q1 earnings start coming in with continued bleak forward looking guidance, the SOX is going to get hit again. Together with Intel's report, I expect to see Intel in the low $20s by the April 20th expiration. I plan on selling my AMD calls in early April, and buying them back on the morning of the 18th. Break out the Pepcid!

Pravin.
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