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

To: eplace who wrote (107376)	4/22/2000 2:45:00 PM
From: tejek	Read Replies (1) \| Respond to of 1571939

Ted, well said. I think that is lost on a lot of people on the thread. I could borrow thousands to finance some more AMD shares or options, but I will not do that. I think AMD is going much higher, but no one here can accurately predict by how much or when. The danger of Nasdaq suffering another 1000 point or more decline is something we should all consider a possibility(especially the options players). It is hard to predict how a move like that would impact our favorite stock. Ed, Your post reminded me of an article I read in IBD two days ago. It was talking about when to get back into this market and was reminding the reader of the Fall,'98 pullback on the Nasdaq. The Naz had corrected in July and then again in Sept and it looked like it was over....WRONG!! The Naz pulled back even harder on Oct 8th. It was my first real correction and it scared the bejezus out of me. I thought for sure the sky was falling....in fact, I knew it was the 1930's all over again. And I wasn't even on margin. LOL After that article I am pretty convinced we will go back down one more time......AMD will go down too, not as hard but it will go down. Too many Naz charts are severely damaged and need time to heal. JMO. ted

To: eplace who wrote (107376)	4/22/2000 2:50:00 PM
From: TimF	Read Replies (1) \| Respond to of 1571939

RE: Also, Goutama had posted that institutional investors have a large percentage of the stock now. That means all of us small investors are at their mercy now. There is no telling what they will do in a severe down move. Ed is it your opinion that a large percentage of institutional ownership makes a stock more or less stable? Tim

To: eplace who wrote (107376)	4/22/2000 5:41:00 PM
From: niceguy767	Respond to of 1571939

eplace: Good advice but a little too sobering in my mind...While I agree wholeheartedly with your comments pertaining to risks associated withm margin, I do not agree with overweighting the possibility of market collapse as a potential risk or for that amtter the potential shrinkage in PE's...Nasdaq was at 5000 less than one month ago and currently is somewhere around 3700, which to me means the worst is over given underlying general business fundamentals and the drive towards a "wired world" that is only in its initial stages imho...the correction has already occurred...Any tech stock with a P/E of 15 or under and the prospects of a string of record quarters for the foreseeable future (i.e. AMD) would seem awfully well insulated from just about any exogenous risk, particularly one which can boast not one but 2 world leading technologies in its business mix...I certainly would be very discerning in this market, but AMD at $80 not only has little downside risk, but by not being invested, one may pay a very large opportunity cost come Y2000 year end when, looking back, one will wondeer why they didn't jump aboard...There just aren't many AMD $80 opportinities that come by in a lifetime, imho!