Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Maurice H. Norcott who wrote (4950)	1/31/1997 5:10:00 PM
From: Martin Atkinson-Barr	of 1576682

The price is relative to the whole market. If the volatility of the market subsided and AMD settled I would look at 31-32 range. After a market correction I would be looking for 29 or so. I did think about writing covered calls out of the money and buying out of the money puts to protect my downside but it didn't quite make sense given the low price of the calls, commission etc and I want to be in cash ready to take any chances that come along. I like pharmaceuticals right now - lot of IPOs just now. May have a look at them.

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