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Technology Stocks : AMD ATI INTC NVDA Moderated

AMD 257.97

-0.7%

Oct 28 3:59 PM EDT

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To: xun who wrote (73)	4/13/2011 10:38:44 AM
From: xun	Read Replies (1) of 95

SPY has a minor support at 130.43 and a major support at 129.22. I think this correction since late Feb is approaching to its end. It may extend another 2 weeks or so to around 129.22. But that would be it. To my eyes, it is shaping up to be a healthy pullback. From here, I see SPY reaching 1400 before the end of the year. In semi-land, it is very strange to me that TXN is willing to pay 6.5B for NSM. I tried to look at this deal from all the angles I am aware of. My conclusion is that if the Street does not kill TXN for doing this deal, then AMD's true market value is at least 10B. Heck, since the financial crisis, a B is no longer a B years ago. AFAIK, anybody can borrow a few Bs from printing press:^) In the next 12 months, a better indicator for the market is to watch the Shanghai index. It will be a leading indicator to the rest of the equity markets.

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