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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 207.67+2.2%3:59 PM EST

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To: Pravin Kamdar who wrote (42936)6/6/2001 11:29:39 AM
From: niceguy767Read Replies (1) of 275872
 
Pravin:

"AMD breaking 30 dollars (sorry, no dollqr sign on this funky keyboard here in the Cote d'Asur) may not mean anything in the short term. <remember that Intel will probably warn tomorrow. I'm thinking about dumping my AMD calls today, and then by them bqck the day after tomorrow."

INTC will no doubt confirm what everyone already knows, that their q2 will be weak, but I suspect that their forward guidance will include that firm signs of recovery in q3 &/or q4 currently exist...and on balance, their report will set the SOXX off to 700 plus territory!!! (but as I type, I see AMD at $28.45, not $30 yet, and DOW, Nas and SOXX in the red, so perhaps you are in good company today with your outlook!!!)

Volatile times, as evidenced by AMD's fluctations over the past 2 hours are upon us...I'm guessing that this volatility is the precursor to a major price move in the positive direction by AMD!!!
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