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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Goutam who wrote (78796)11/5/1999 9:20:00 PM
From: tejek  Read Replies (1) | Respond to of 1574333
 
Goutama

My overall sense is that the stock is fine. Yesterday, I was concerned until the stock reversed direction. I was concerned only because it looked like another dumping session for a while there and this time it did not make sense. It would have been nice had it done a complete reversal and gone positive by the end of the day....but actually that process was completed today on strong volume.

Essentially I think the stock is taking a 'rest' before it resumes its climb. I think that climb will be slowed until the CC next Thursday...I am sure if the CC is negative, the stock will go back down and if positive, it will move up like a rocket. So place your bets.

A critical momentum has built, and slowly has begun to eat away at AMD's negative PR. In essence something important is happening, and the Street recognizes it as such and sees an opportunity.

ted