Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cory Gault who wrote (95176)	2/25/2000 5:20:00 PM
From: niceguy767	Read Replies (1) \| Respond to of 1575354

Cory: Re: "So the big question is why is it trending down. It was an absolutely huge week for all semi stocks and AMD did not participate. As a shareholder I hope this thing starts to move...however I am not confident that we are looking at 48.50 next week. The action in this stock has been very poor and this is looking like one choppy market going forward." Comment: My charts say AMD current sub-trading range is $38 ($40 +/- $2.00) to $45.50. Anything within that range is normal...A close outside that range should be cause for additional scrutiny...As I indicated earlier, closure of this penant pattern must occur prior to mid March. A close below $38 (I don't think so!) implies a test of support at $35. A close above $45.50 signals a test of $48.50, the all-time high and $50 the upper boundary of the 3 month trading range...My guess is $48.50 will be tested by mid-March at the latest!