Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (170988)	6/11/2003 12:54:47 AM
From: tejek	Read Replies (1) of 1584932

Ted, the pickup in volume of ATAR was yesterday, not today. That's true but volume was slightly higher today.......373k vs 366k yesterday. Its at least going in the right direction and both days had the best volume in a week. It still below par however. The ave. daily volume is around 690k. That corresponded with a late-day jump from 4.3 to 4.6. If ATAR goes back to the support near 4.2 again, would that be a good time to double-up? The support is between $4.01 and $4.11. Its tested and bounced off that support three times now......you don't want it doing it too much more. Pardon me if I sound like a newbie to chart-reading. Well, let me tell you what the chart says. ATAR is forming the right side of a two year cup. Right now its not moving up because there are a number of questions on the table. That's why it keeps coming back to $4. I don't know how much you have bought but I would wait before you buy more. You want to see if it moves out of its current trading channel which is roughly $4 to $5.50. A lot depends on how good its next quarterly report is, how it reduces its current liabilities......it has too much debt, and if the Matrix game continues to do well. That's a lot of 'ifs'. That means you don't want to commit too much of your capital until the picture gets clearer and the trading channel is broken decisively to the upside. That's why I've only bought a few shares. It forces me to keep my eye on the stock without locking up too much capital. I think this could be a double if things fall into place. If it improves its margins and free cash flow, and its games are real popular, it could do much more than that. It has the revenues and growth for a larger move.....price to sales ratio is at a paltry .59. Some patience is required, however, on this one. That's my take. ted

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