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

To: Scumbria who wrote (104194)	4/12/2000 10:15:00 AM
From: niceguy767	Read Replies (2) \| Respond to of 1583326

Scumbria: Re: "Is it a coincidence that 9,000 April 70 puts were traded the other morning, and then the stock immediately moved to $70 and has remained there? Is there a legitimate mechanism producing this, or is the price being manipulated?" Comment: It's coincidence...The only thing holding AMD below or at $70 currently is the MOT continuing hysteria and general Nasdaq skittishness brought on by those looking for a retest of 3600...(Nasdaq down 100 so far this AM...MOT looks like it has bottomed at $120, INTC taking a bit of hit...Need these two to settle out...Maybe it will take the second successive quarterly record breaking earnings announcement of the new bellweather stock,AMD,to signal the bottom of the Nasdaq slide...but I doubt it...)...(Let's look for a Nasdaq turnaround at 10:30, once the skittish investors are out)...