Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.65

+0.3%

3:59 PM EST

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To: Petz who wrote (46573)	7/8/2001 2:19:04 PM
From: tejek	Read Replies (1) of 275872

tejek, take a look at this Intel chart: quote.yahoo.com It was at ~ $24 when Jon Joseph issued his famous "the semi's have bottomed" anouncement. Since then, Intel has peaked at 32.49 on 19-April, $31.94 on 2-May, $31.14 on 7-June, and $30.46 on 3-July. I think the market is telling us that JJ's call was woefully premature. PS - the lows are also declining -- look at the chart Petz, first JJ was talking about the semi's business and not the their stock prices....although he was suggesting it may be time to buy. And he may be right but if his recent call is anything like his call in June of last summer, he's early by about 6-8 months. The one who seems to be most right currently about the semis and their business is Kash. When he says he sees things picking up, then I will believe it. As for Intel's stock price, I think you are stretching....it looks to me mainly like congestion. There is not enough good news to take it up and the funds are keeping it from going down...at least for now. They are doing the same thing with BRCM and PMCS. That's why I think its dangerous to bet on Intel going down any time in the near future. But I would also not want to hold it long right now either. You would be better to put your $$$ in CDs IMO. Bottomline...the semi's business is sucking foul air and until that changes, their stocks are stuck in trading ranges. At least that's my view of things. ted

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