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

To: eplace who wrote (84732)	1/3/2000 8:09:00 AM
From: niceguy767	Respond to of 1572778

Hi eplace: Consider it done: "The better mousetrap at the better price" is now dropped from my lexicon. Thanks for your direction. After all it is now fairly obvious that such is the case, even to the most hardened anti-AMDers. Personally, I think call options make sense with AMD anywhere below $30. At this juncture, my preference are April calls with an expiry date of Apr 21 which falls after release of Q1 earnings, which I can only assume will reinforce 99Q4 positive earnings surprise. With the Salomon Smith Barney 12.5 million "spry Athy" estimate for Y2000, I just don't see much in the way of downside, and as such, doubt that you'll see AMD back off to $27.50. In fact, not unlike you, I'm expecting an upward price spike before earnings release (this week?) followed by a second upward spike after earnings release. As you know, I'm holding Jan. 30 call options. I plan on holding 'til AMD is north of $35 (hopefully won't have to wait for earnings release for this to happen...hoping it will happen this week)at which time I may consider rolling them over. Any new money I would apply to April calls or January 2001 (leaps) calls. When purchasing options, my preference is a minimum of 3 months to expiry date. With respect to AMD, given the potential for positive earnings surprises, any call options expiring after earnings release dates (i.e. Jan. and Apr.calls) do make sense to me at today's price of $29 for AMD.