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


To: ajbrenner who wrote (102846)4/7/2000 8:43:00 AM
From: niceguy767  Respond to of 1575814
 
ajbrenner:

Re: "There are a lot of people out there sitting on nice short term profits. I don't want to get caught in the rush to the door should they decide to take them."

Comment: I look at it the other way round...The 15% of shares that changed hands the past 2 days wrung out most of the short term profit takers...yesterday's retreat from its intraday high of $74.25 absorbed about 7 million shares of what I would guess were profit takers...Much of any profit taking may have run its course yesterday...In any event, AMD is headed higher over the near term...The bandwagon effect is just swinging into high gear!



To: ajbrenner who wrote (102846)4/7/2000 9:51:00 AM
From: niceguy767  Respond to of 1575814
 
ajbrenner:

Looks like another fairly heavy volume day currently projecting 5 milllion plus...The question is will AMD break through $72 resistance of yesterday and if so will it then run for a spell?



To: ajbrenner who wrote (102846)4/7/2000 10:12:00 AM
From: niceguy767  Read Replies (1) | Respond to of 1575814
 
ajbrenner:

Now that question #1 has been answered (i.e looks to have broken through resistance at $72), the question remains is the all-time intra-day high of $74.25 the next real test of the day?



To: ajbrenner who wrote (102846)4/7/2000 10:35:00 AM
From: niceguy767  Respond to of 1575814
 
ajbrenner:

Bingo!!!Bam...Bam...Bam...$74.00 on 2.1 million shares...Now we get into the real game!