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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: Jorj X Mckie who wrote (889)9/25/2001 9:40:05 PM
From: Stoctrash   of 1063
 
Word of the day is : Ignore....

"TSM’s news was virtually ignored as equipment stocks all opened higher before selling off later in the day ahead of some bad news being released by AMD. AMD came out in the afternoon and said that it was closing two fabs in Texas and amputating another 15 percent of its workforce. Obviously, AMD sees the turn close at hand, right? AMD fell 8 percent, but the news was virtually ignored by the rest of the semis, which all shrugged off the news and rallied into the close"
prudentbear.com
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