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

To: tejek who wrote (118275)	6/29/2000 10:55:00 AM
From: minnow68	Read Replies (1) \| Respond to of 1574096

Ted, You wrote "I don't get the sudden weakness in the stock." I believe we have been showing weakness for several reasons. 1) Skittish investors. I believe that part of the baggage that comes with becoming the #1 performer in the S&P 500 for the year is that many people buy the stock simply because it has gone up. Investors like that will also sell simply because it has gone down. 2) Sequence of bad press. First it was a reported weakness in flash (dismissed as BS by several very credible sources). Then we had Intel bringing out some new chips (the 700Mhz Celeron just can't touch a Duron, but who knows that yet?). Now we get hit with the Pentium 4 announcement. Fundamentally, I believe nothing has changed with AMD. I believe AMD is practically minting money and has a shot at earnings of $8-$10 for the year. This is only the second time I have ever made a short term call on AMD. The other one was the time we dipped down to 66 and everyone was panicing. I'm not predicting this will be the bottom, but I am predicting that if you buy today, close your eyes until July 20th, and then open your eyes, you will be very very happy. Mike

To: tejek who wrote (118275)	6/29/2000 12:29:00 PM
From: porn_start878	Read Replies (1) \| Respond to of 1574096

Ted, I don't get the sudden weakness in the stock. I don't see any downgrades this AM. As I look to a 6 month chart, I see it's the first time AMD drops this way : a regular loss of 3-4 points a day, and apparently without an influence from the market. Last drops accompanied a tanking nasdaq, but that one seems quite independent. My guess here is that some big players are getting out aggressively, selling a few hundred of thousands each every day. With the short term average volume on AMD (around 2,5 Millions) 600,000 to 700,000 extra shares sold is far enough to explain the actual situation. What I don't get if my hypothesis is right, is why are they choosing this time to dump it. They should have waited for the big volumes surrounding the earnings event. As for the downgrades, they obviously have advantage to sell their stock before downgrading. Max My money is vaporizing :( A slight consolation here is that Elmer's puts must be getting heavier and heavier and heavier... ;->