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

To: Richard Wang who wrote (92762)	2/12/2000 6:32:00 PM
From: niceguy767	Read Replies (1) \| Respond to of 1574302

Hi Richard: No doubt there will be resistance at $48 to $49...but the price strength and volume in a dismal Friday market suggests to me that $48.50 will be tested next week assuming general market stability...It should have been tested more severely on the basis of Q4 results alone...Now that additional Friday info. confirms that Q4 $0.43 eps was not a one-time event as some here have intimated, and Q1 will likely demonstrate even stronger earnings, the AMD strong fundamentals, as opposed to technicals, just may assume center stage over the next little while and propel AMD north of $48.50 rather quickly. A close above $49 on big (i.e. 5 million shares) will usher in a new trading range between $48.50, the 3 year all time high, and $63 (or $58 according to JM which is OK with me) the upper boundary of the 5 year trading channel, and the next meaningful resistance point beyond $48.50...Rewarding times await the patient AMD investor!