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Politics : Formerly About Advanced Micro Devices
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To: Crossy who wrote (40815)11/4/1998 12:59:00 PM
From: d e conway  Read Replies (1) of 1573092
 
Crossy...

Looking at the chart over the last couple of years, some things just LEAP right out at me.

1) Starting late-summer/fall 1996, we went from roughly 13 and topping out around 45 six months later, all on the strength of the new K6 (idea and plan only). (Of course I bought at 13 and sold at 45).

2) Now we have a HUGE bottoming formation over the last six months at about 16. Just now we have broken through the downtrend going back 2 years on fantastic volume...we have skyrocketed through this major turning-point.

3) This huge volume along with such a massive price upturn tells me there is something big suddenly driving this...major good news brewing. Who knows what??? Maybe just the sudden realization that they've got their act together...maybe institutional buy recommendations unknown to us little guys...maybe Comdex expectations...maybe general semiconductor market upturn...whatever.
By looking at the chart, all I know is something very positive is happening right now, and there is enough momentum with this that it should keep going, just like in last half of '96. Judging by the huge bottoming formation, this move has the potential to be just as powerful. If it does mimic '96, starting from a higher & stronger base, it could go significantly HIGHER then the previous $45.

4) All this coupled with the obviously tremendous fundamental outlook says we are BACK IN THE SADDLE AGAIN!!

regards, Dan
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