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

To: Scumbria who wrote (103819)	4/11/2000 1:57:00 PM
From: niceguy767	Read Replies (1) \| Respond to of 1570814

Scumbria: Re: "Look at this graph:" Comment: Thanks for the graph...It tells me that when AMD breaks into new high territory for the day,with a trade above $72, that consolidation at this level is completed and that $75.50 is then definitely vulnerable...Looking forward to the next 2 hours!

To: Scumbria who wrote (103819)	4/11/2000 4:21:00 PM
From: niceguy767	Read Replies (2) \| Respond to of 1570814

Scumbria: Re: "Look at this graph:" Comment: Can I see that graph one more time...I must have missed something!... I repeat that one third of outstanding shares (50 million) have turned over in the past 5 trading days between $61 and $79 with at least 80% of those between $69 and $79 probably altering average shareholder cost base dramatically.At $68, the net advance is $7 after the 5 days..The implications are that the new ownership was happy to pay between $61 and $79 a share based upon their assessment of AMD's future growth prospects and is probably looking for an above average ROI which means it may be difficult to buy these shares under $100 from those purchasers of the past 5 days...I cannot underestimate the importance of the past 5 days volume (approximately 350% above average weekly volume) as a positive technical indicator (even including today's MOT related selloff)! A second successive record breaking quarter, given the enormous volume of the past 5 days, has the potential for setting off a buying frenzy, imho, as shares of the new ownership may be in very short supply...By week's end AMD'll be much closer to $100 than $68, imho!