To: Richard Wang who wrote (92877 ) 2/13/2000 2:45:00 PM From: niceguy767 Read Replies (1) | Respond to of 1574333
Hi Richard: Re: "AMD is now short, intermediate, and long term bullish. To view the future crystal ball,we should also look at the trading pattern of the last 20 years. AMD prices during this period had been capped at around 40. When AMD breaks out of this previously immutable price block, long term implications can be extremely striking. If we look at this type of chart caps for many stocks, the breakout usually is followed by greatly accelerated stock movements to much higher and uncharted grounds. Gains become not measured in %'s but in how many folds. The targets around 60 may be appropriate, but only as intermediate term targets. On the way to these targets AMD would have broken through the overhead very long term cap. We should look forward to much more than the around 60 targets over the longer term." Comment (1): I wholly agree that "AMD is now short, intermediate, and long term bullish!" Comment (2): I wholly agree that "the breakout usually is followed by greatly accelerated stock movements to much higher and uncharted grounds." Comment (3): I wholly agree that "the targets around 60 may be appropriate, but only as intermediate term targets." As per post #80625 of Nov. 25/99, with special reference to para. 6, siliconinvestor.com my guess is that, when $63 is broken (not if but when) the type of acceleration that you are talking about will become very evident, if not before then...To me the $63 level (i.e the 5 year trading range upper boundary) is very significant as the breaking through of this significant 5 year technical point will confirm that an AMD PARADIGM SHIFT has indeed taken place as a result of AMD's WORLD'S FASTEST PROCESSOR, the Athlon! It is at that point that AMD is likely to become a favourite with the institutions and where the significant uncharted advances will follow!