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

To: Scumbria who wrote (103571)	4/11/2000 1:05:00 AM
From: chic_hearne	Respond to of 1570549

As you can see in the chart below, Advanced Micro Devices (AMD - 78-3/8) shares have ramped higher recently to reach another new high today at 79-3/16 (see the first chart below). What is key is that during this run up, options traders have taken a pessimistic view of the stock. The Schaeffer?s put/call open interest ratio (SOIR) for AMD has been rising sharply moving from a low of 0.31 within the past month to its level as of this morning at 0.50 (see the second chart below). This time frame matches the time frame of the rally in the equity. We?re continuing to see this pessimistic outlook for AMD shares today, as the April 70 put option has traded nearly 6,257 contracts at midday on open interest of only 1,333 contracts. This action makes the April 70 put the most-active option trading on the Pacific Exchange. It will be important to see how much of this volume translates into open interest and if any other volume rolls in throughout the day. Continued put adds amid new highs is viewed bullishly from our contrarian view. When traders bet against a trend in the majority, they are usually wrong. Furthermore, this building pessimism suggests that there is money on the sidelines, which could fuel a continued rally. schaeffersresearch.com hearne

To: Scumbria who wrote (103571)	4/11/2000 1:13:00 AM
From: minnow68	Read Replies (1) \| Respond to of 1570549

Scumbria, I agree completely. I read that article and thought most of it was silly. The Athlon to Coppermine is like Beta to VHS? Please. He also completely ignored flash. Unless Intel is willing to commit earnings suicide, I can't see how AMD's earnings go down until Willy shows up in quantity. My prediction for that is somewhere between 2001Q1 and 2001Q4 inclusive. Copper at .13 micron, large on-die caches, and Sledgehammer may make 2001 a quite reasonable year for AMD. Mike

To: Scumbria who wrote (103571)	4/11/2000 1:21:00 AM
From: tejek	Read Replies (2) \| Respond to of 1570549

The article you quoted cited no real information, and was strictly a gut call by someone who recently predicted that AMD would never get above $45. I have a hard time taking anecdotal investment advice seriously. The guy hasn't done his homework. Scumbria, He hasn't? A Intel war chest of 11.4 billion and earnings of 9.7 billion is hardly anecdotal. While his prior call on the stock price was wrong, is his ultimate scenario for AMD all that different from the one that you have suggested on this thread should Willamette be as lethal a competitor as early evidence suggests? If Willamette does prove to have a competitive advantage over the Athlon and AMD has no new product with which to counter, then the only point where I see his financial advise being off is in which quarter there is an AMD earnings warning.....9/00 vs 3/00. ted

To: Scumbria who wrote (103571)	4/11/2000 1:26:00 AM
From: Mani1	Read Replies (1) \| Respond to of 1570549

Scumbria, Ted I think the article is poorly written and lacks logic. And in some parts have already proven wrong. It is also written by a 21 years old college student with zero credentials. The only reason I posted it is that there is no sign of the 3 stooges and there is no contrarian opinion on this thread any more. Mani