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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (169)	2/10/2000 3:41:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Zeev, Please would you do me a favour and take a quick look at AMD. I shorted this with confidence just below 37. Although it isn't a classic breakout, it is trading in new highs. I wonder if I should close the short and reestablish later. I am extremely confident about this short on a long term basis, but why should I lose money in the meantime? They are probably shipping a lot (for them) of product now and the people buying can't see beyond the end of this quarter, when Intel will be able to satisfy demand and procesor prices will resume the constant fall as new product ramps.