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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 253.70+1.6%11:40 AM EST
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To: Petz who wrote (196915)5/15/2006 6:25:44 PM
From: Joe NYCRead Replies (1) of 275872
 
Petz,

I'm beginning to wonder whether AMD is doomed to at least touch its 200 DMA which is about 29.5 and rising towards 30. I would imagine there's a pile of stop losses but also some GTC buys piled up at $30.

It wouldn't surprise me. It is also possible that AMD will get some press coverage when the new products are introduced in next 2 weeks and go back to 33-34 range.

Joe
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