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Politics : Formerly About Advanced Micro Devices

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To: StockMan who wrote (28539)2/20/1998 1:38:00 AM
From: Jefferson Prescott Dewhurst  Read Replies (3) of 1572242
 
Stockman,
<<Face it Dewy, Should AMD declare bankruptcy...>>
Should AMD solve the yield problems the stock has a tremendous upside potential. Until either scenario occurs the stock will be priced at approximately book value as it is now. Since you are so sure of the outcome I will assume you are appropriately positioned on the short side or loaded up on puts waiting for the stock to collapse to Reginald's target price of $8 to $12 or your own price of $0. If so I think your position is more risky than the longs and you will be disappointed.
Dewy.
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