Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: nihil who wrote (40584)	11/1/1998 8:04:00 PM
From: david alexander	Read Replies (2) of 1574005

So what gives with the huge volume of Friday? This seems the most important indicator of AMD future share price. 13.7 million shares with lots of large blocks. 7 times daily volume. Wouldn't this indicate that resistance levels won't apply with this breakaway volume driving the price? Are we looking at short covering or large institutional interest or something more like a suitor? It seems to me that volume doesn't spike like this without a very significant driver. I can't see a Gateway announcement doing for volume. AMD didn't even hiccup with the PB announcement so why would Gateway push nearly 14 million shares to the Board? I'm betting that Merrill and others just advised their institutional clients to jump in. Compaq also traded huge volume. Any possible linkage for the two?

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