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

To: Goutam who wrote (81129)	11/26/1999 8:11:00 PM
From: Charles R	Respond to of 1575311

<I've a strong feeling it's going to close above $28 > ooooooooooopppppsss - better luck next time ;-) Actually, since you didn't give any date for the close, you may be right oneday (or is that Monday?)

To: Goutam who wrote (81129)	11/27/1999 9:49:00 PM
From: niceguy767	Respond to of 1575311

Hi Goutama: Glad you like technical analysis. Not everyone does! Not at all worried that AMD did not close above $28. Extremely significant that it did close above $27.25, which suggests to me that a prolonged 3 year downtrend is coming to a close. A close above $28.25 ( the short term closing high)will confirm breakout of this persitent 3 year downtrend and signal the beginning of what may be an equally persistent uptrend. Given the convergence of so many positive fundamentals around both the Athlon and flash memory,and the technical significance of a positive breakout from a 3 year negative pattern it would not be at all surprising to this investor,if a major upswing in price, not unlike Nov. 11, is about to occur. GTW's rumoured Athlon support, may well be the propellant for this next leg up in AMD price. Once underway, from a technical perspective AMD price increments could easily accelerate (in unison with acceration in Athlon shipments?) as there doesn't appear to be a whole lot of stock overhang. Coulld pause at $30, $33-$34 and $38, then onward and upward to a new high at $48.25 (thanks for revising the estimate) the day after 99Q4 earnings are released. And if all that transpires, look for $63 in April '99, a price the other side of the 5 year chart trading envelope. In many years of perusing charts and fundamentals of various stocks, on only one other occasion did both fundamentals and technicals coincide as strongly in support of a major price upswing as they currently do with AMD. In the case of AMD, both technicals and fundamentals point to a very prosperous Y2000 for the AMD investor!