Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Brian Hutcheson who wrote (25882)	11/13/1997 12:02:00 AM
From: Petz	Read Replies (2) of 1580634

Brian, I'm in the same position as you w.r.t. AMD. Only some rapidly declining January calls and a few 100 shares in an IRA. Like you, the profits on the puts are now growing more rapidly than losses on stock positions and calls. Shorting Dell was a great call - I got back into Intel puts yesterday. Even though its shown good relative strength the past couple days, I'm still ahead. The overall SOX index still has more downside and Intel will probably get to a trailing PE of 15. And I think the S&P will get down to its 200 day MA around 850-875 before the end of the year. Keep posting on AMD and watching and let me know if you lighten up on your Dell position. I think AMD might start rallying earlier than the rest of the semi's because it peaked earlier and a lot of the tax loss sellers have already gotten out. Petz

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