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


To: Charles R who wrote (118691)7/1/2000 8:51:34 PM
From: tejek  Read Replies (1) | Respond to of 1572723
 
<Record volumes traded after hours on the Naz...I think it must count as the beginning of the new quarter. Good sign for AMD.>

May be you can explain this a little - How can large after-hours trades be good for AMD - especially since the stock price doesn't seemed to have changed much because of the activity?


Chuck,

This is end of the quarter window dressing by the fund managers. They were selling off and taking profits during the last week of the month...they see a good stock like AMD down and so pick it up cheap in after hours on Friday the last day of the quarter. Of course I am assuming that they can treat the after hours trade as the beginning of the new quarter. They get AMD for a low price and then run it up in the new quarter.

Make sense to you?

ted