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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.83+1.7%Jan 16 9:30 AM EST
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To: Pravin Kamdar who wrote (65130)12/9/2001 5:26:05 PM
From: Mani1Read Replies (2) of 275872
 
Re <<I bailed out of AMD, too. I also bought Intel April $40 puts for $7.>>

Good call, I think. I wonder how much of AMD's move up Friday was technical, and how much based on the acquisitions rumors and how much based on the CC update.

For now we all know that the economy bounced back from the effects of 911, but is there any evidence that the recession that was underway before the tragedy has reversed direction? All the indicators are still down if you do not count for the sharp downturn in September/October and the reversal in November.

Mani
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