Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Jefferson Prescott Dewhurst who wrote (28613)	2/21/1998 3:28:00 PM
From: Tiley	Read Replies (1) of 1572778

Dewy, "Re: AMD stock price" Sorry to jump into this debate but I do take exception to your point about a company being worth what the market is pricing the stock at. The market prices a stock based on the information available at a particular point in time. Now that information might not be correct or other factors might come to light to change the underlying assumptions. For instance AMD was priced at $12 at a point and then ran upto $48 and is now back at $20. This does not depend only on the underlying assets but also upon assumptions about the future earnings (which might turn out to be too optimistic or too pessimistic). As investors (or traders), you might disagree with the underlying assumptions and take a position. Only time will tell whether you were right or wrong. However, for what its worth, my personal opinion is that AMD has bottomed (or is close to bottoming) and I have recently taken a small position in it. I might add to it as things become clearer, Best Wishes, - MJ PS: Of course, I still continue to hold Intel in my core portfolio

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