Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bron-y-aur who wrote (46869)	1/21/1999 12:51:00 PM
From: Xpiderman	Read Replies (1) of 1571345

>>Can anyone provide T/A on AMD incl support levels. Gotta be a bounce soon please! Thanks... << AMD dropped below $20? Yes. A bounce soon? Not so sure... The next meaningful support is around $17 area. Margin calls will help put MAD below $20 Please check the following posts on Jan. 18. Message 7329357 It seems that AMD is crashing below $20 if not high teens after a dead cat bounce in the early part of next week. The technical side of the story is no better than AMD's fundamentals, here is TA analysis from Second Opinion: Second Opinion - AMD 01/19/99 COMMENT - Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND - Chart pattern indicates a POSSIBLE TREND REVERSAL - Relative Strength is BEARISH - Up/Down volume pattern indicates that the stock is under DISTRIBUTION - The 50 day MOVING AVERAGE is falling which is BEARISH - The 200 day MOVING AVERAGE is falling which is BEARISH RECOMMENDATION - STOCK SHOWS STRONGLY DETERIORATING CONDITIONS SCORE = -4 - IF YOU ARE LONG, CLOSE POSITION OR MONITOR STOCK CLOSELY - STOCK IS NOT A SHORT SALE CANDIDATE YET And, Message 7340145 AMD failed miserably in 4th quarter 1998, the once in many year quarter with strong PC demand, especially low-end PC category. I don't see how AMD can achieve better earning growth in a seasonally weak first quarter, and the AMD analysts shared the similar view and lowed their earning estimate after AMD flopped. Even the only upgrade from Needham & Co indicated a $0.70+ earning for whole year of 1999! That confirmed AMD is heading to below $20.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next