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

To: tejek who wrote (112163)	5/23/2000 4:01:00 PM
From: niceguy767	Respond to of 1585113

ted: Re: "Currently I think its a mistake to look at AMD without looking at the broader markets. The markets are in a very corrective posture and I think AMD will be doing well not to drop below $70. Some tech stocks continue to hold up but for how long is very uncertain." Comment: Anything is possible to be sure...Recently market risk has been a major negative as evidenced by the Nasdaq decline from 5500 to its current level of 3200, with some analysts pushing for 2900...The bears (i.e GS) have cast a pall over all techs...It is precisely in recognition of this increased market risk that I have moved out to October and January calls (i.e longer term) over the past 2 months...Within that time frame my crystal ball tells me AMD upside price potential far outweighs downside...Personally, I remain confident that AMD will remain above $70 given its solid fundamentals which are already significantly discounted at $75-3/4...With my limited short term funds I today purchased 20 June 80's to reflect my "crystal ball" view that $90 is more likely than $70 before June expiry date on the 16th...(Certainly not a pretty sight for any who are long the techs, or more specifically AMD today, though!)

To: tejek who wrote (112163)	5/23/2000 4:03:00 PM
From: Cory Gault	Read Replies (1) \| Respond to of 1585113

Ted: Well said. This is a very scary market. Tech blue chips making money hand over fist are getting tossed away. I look at INTC, SUNW, ORCL, QCOM and countless others today..not to mention AMD and I am convinced that until we have a tame interest rate environment that there is more downside all the way around. CG

To: tejek who wrote (112163)	5/23/2000 4:30:00 PM
From: niceguy767	Respond to of 1585113

ted: Re: "Currently I think its a mistake to look at AMD without looking at the broader markets. The markets are in a very corrective posture and I think AMD will be doing well not to drop below $70. Some tech stocks continue to hold up but for how long is very uncertain." Comment: Seems to me the bulk of market risk may be out of the way for techs with the recent Nasdaq decline from 5100 to today's 3165...AMD has held up and for good reason given its fundamentals...In a stable Nasdaq environment, it's anybody's guess at what level AMD might currently be trading...Most worst case Nasdaq scenarios see a 2900 low in Y2000...Given the current proximity to this low of 2900, it would not surprise me to see Nasdaq stability/strength restored in the short term and AMD once again resume its upward price journey...It's always darkest before the dawn and with Nasdaq already off 1900 from its 5100 high, and many techs once again looking at record breaking Q2 results, my guess is that the hour of dawn is very close at hand! (No doubt other factors such as margin calls and bloodied portfolios will mitigate any euphoric optimism in the short term (as designed by the insane GS rate hikes), but "solid" companies, the likes of AMD will once again prevail in any stable market setting!