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

To: Mani1 who wrote (112821)	5/25/2000 5:31:00 PM
From: tejek	Respond to of 1571832

Anyone really concerned about this sharp down turn on heavy volume! More than 80% of the float is owned by institutionals so I think they are clearly selling. This is not small retail investors getting spooked. Could there be something? Chipsets, Dresden, MB's? Why the huge volume past two days? Mani, First institutions have been selling big time in all tech stocks this week. That was part of the capitulation that went on Monday and Tuesday....institutions had been the last of the hold outs. In addition I think we are seeing momentum players taking advantage of the current volatility. I think yesterday the Naz traveled 200 pts in total up and down. Short term, AMD is not looking as good. But I contend that like in Feb and March, things will turn around as we get closer to earnings. I think you would agree long term AMD is looking very good. ted

To: Mani1 who wrote (112821)	5/25/2000 5:52:00 PM
From: EricRR	Read Replies (1) \| Respond to of 1571832

Perhaps its' related to mutual fund inflows/outflows. Intel is a large cap, and also part of the DOW. Amd would not appear in these, but only in industry mutual funds and also "managed" funds. People are shifting money to less aggresive funds, that pervertedly affects AMD more than Intel. Also I really do believe in general that down turns are related to the granting of stock options. I own Apple: That stock shot down a few months ago, the board granted Steve Jobs his options at a good strike price, and then the stock shot back up. I bet if one looks at at the behavior of stocks when new options are granted, one will see that the stock moves in a way which allows the company to grant options at a favorable price. I haven't studied this though, my only data point is AAPL. All this speculation aside, AMD is a good stock. We all know it. Good stocks go down in bear markets also. But in the long term... yada yada yada. If you want to try to time the market, go ahead. But just remember that iregardless of AG, there is a huge amount of money out there, just sloshing around. For example right now a huge amount of japanese "postal" bonds are maturing. Where is the money going to go? It has to go somewhere. This is why the yield curve is so screwy. The real bear market won't start until baby boomers all over the world start retiring. (maybe as soon as 2003) Thats when I'll really worry about companies with foward P/E's over 20. Hopefully AMD will be in that class by then ;)

To: Mani1 who wrote (112821)	5/25/2000 6:09:00 PM
From: niceguy767	Respond to of 1571832

Mani: Re: "Could there be something? Chipsets, Dresden, MB's? Why the huge volume past two days?" Comment: Some market players are spooked by AG maybe? (couldn't resist it!)...Just a selling climax...Heck, just a week ago, AMD was testing $90...GTW announcement today is an indicator that all is well with Duron, T-Bird, chipsets, MB's and Dresden...The price dropoff ($20 in fewer than 10 trading days) has been severe enough to scare off even many of the AMD bulls on this thread...so imagine how nervous less ardent AMD shareholders feel...They've run for the exits the past week which is perfectly predictable (albeit in hindsight) given the negative backdrop of the general markets...Soon enough (well maybe not soon enough as it didn't happen today) investors will be chasing AMD the other way (we saw the initial signs of this today) and pushing the price to new all-time highs above that $92-7/8's hurdle! but for the near term look for a test of the minor resistance at $77!

To: Mani1 who wrote (112821)	5/25/2000 6:35:00 PM
From: Scumbria	Read Replies (1) \| Respond to of 1571832

Mani, Anyone really concerned about this sharp down turn on heavy volume! More than 80% of the float is owned by institutionals so I think they are clearly selling. This is not small retail investors getting spooked. Could there be something? Chipsets, Dresden, MB's? Why the huge volume past two days? (Scumbria, please spare me the AG comments) OK. The huge sell off this week has nothing to do with the Fed raising interest rates. Any relationship between those events is purely coincidental. Next week's crash will also have nothing to do with the fear of the Fed raising rates again. That will also be purely coincidental. Scumbria