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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 214.990.0%Dec 26 9:30 AM EST
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To: niceguy767 who wrote (50153)8/7/2001 10:06:36 AM
From: Pravin KamdarRead Replies (4) of 275872
 
Niceguy,

As I see it, the major risk left in this market is due to the market's refusal to have already collapsed Intel's market cap. Intel has a PE of 60, when it should be no higher than 20. If the P4 buildup that is taking place right now does not sell through this fall, Intel could well go to a PE of 20, with an associated market cap reduction of 133 billion. This would crash both the NAS and the DOW. This market depends on Intel not crashing. Sh*t, I just talked myself into going to cash.

Pravin.
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