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Technology Stocks : AMD:News, Press Releases and Information Only!

AMD 213.43

+6.2%

Dec 19 9:30 AM EST

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To: Brian Hutcheson who wrote (3192)	12/28/1997 12:59:00 AM
From: Brian Hutcheson	Read Replies (2) of 6843

Greg , re. why not this is the kind of situation I have specialised in over the last few years . Investors anticipate the turnaround before it happens , in part due to news that somehow leaks out from a company . Also once a stock goes into a downturn it very often goes further for technical reasons until it is really oversold , usually this occurs around the end of the year as tax loss selling . When that selling peak occurs the stock is ready for a strong rally just on technical grounds e.g. 25 % jump into feb '96 even though news on K6 was still 10 months away . That tax loss selling has all but ended IMHO and AMD should start to rebound in january .

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