Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.65

+0.3%

Dec 29 3:59 PM EST

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To: Neil Booth who wrote (85674)	7/29/2002 10:40:55 AM
From: Robert Douglas	Read Replies (1) of 275872

Neil, After your incredibly accurate prediction of 1200 on the Naz, I asked you if you were buying now that your target was reached. You responded. No, though some like AMD look tempting. I think there's still a lot of "skeletons" to come out of the closets, particularly in the US, and if options start being expensed then what was a 20 PE becomes 30 (to most onlookers, of course the true PE never really changed). I think (and hope!) the Naz will touch 1000. I'd look at picking up quite a lot of morsels then. The Naz has already dropped 200 in 5 days. With the Naz up 8% since then, do you wish you hadn't revised your target? There's an old joke that a broker shared with me once. He told me that in his business GTC order (Good til cancelled) are referred to as "Good til Close" orders. In other words, they get cancelled and targets adjusted as stock prices get closer.

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