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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 (103137)10/17/2003 12:27:06 PM
From: g_w_northRead Replies (1) of 275872
 
<The day is young yet...Volume is going over 30 million shares...I'll be surprised if AMD stays under $15.20 this PM! No disrespect intended...Just too good a report last night for it to remain mired in this $14.30 range much longer! >

It is nice to see some consolidation above $14 but today is options expiration and I do not foresee a pop over $15 until at least next week. I am holding my Jan. 15's until next week. There has been too much of a run-up in the indexes lately. It would be nice to see AMD hold its own if the indices gave back a little before their fourth quarter pop. There's little economic data out next week as well. Nothing of importance until the next Fed meeting.

There is almost always a little upward movement after options expiration.
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