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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (920)	7/17/2000 12:31:51 AM
From: Epinephrine	Read Replies (1) \| Respond to of 275872

RE:<I have no fear of AMD disappointing.> Chic, Nor do I, but be careful! There are only two trading days until July expiration after the announcement. That isn't a very big margin for error. What if the announcement is great but for whatever reason the market's reaction is not appropriate? You would have almost no time for something like that to work itself out. I am not presuming to tell you how to trade, it's your money but you said it's "go BIG or go home" I just don't want you to have to "go home". In any event, good luck!!! Regards, Epinephrine

To: chic_hearne who wrote (920)	7/17/2000 1:13:12 AM
From: minnow68	Read Replies (2) \| Respond to of 275872

Chic, You might want to consider the possibility that AMD could have earnings in excess of $2.00 per share and not break $100 before July options expiration. Mike

To: chic_hearne who wrote (920)	7/17/2000 4:50:05 AM
From: Gopher Broke	Read Replies (2) \| Respond to of 275872

Chic, No investment advice, just another opinion of how the next few days might pan out. (At present I hold 300 July contracts, including 100 of $80 and 80 of $90.) The share price has behaved remarkably well so far moving into expiry. This is abnormal for AMD. I think the options writers have been keeping their powder dry, letting the price find its own level for a couple of days. They only need to push down hard in the two days after earnings. Question is whether they have enough shares ready for dumping to counteract the shorts that I think will be looking to cover on Thursday/Friday. On balance I am not very confident that AMD can close above $95 on Friday. Therefore, after staring at spreadsheets over the weekend, I cannot justify the risk of staying with the July calls despite the leverage they give me. I am looking to exit today and buy back after Intel's CC with a smaller amount of July options(enough for some fun but less stress!) plus Jan 01 calls. (I think Intel's CC will bring the market down a bit and AMD with it to produce a short-term roll forward opportunity.) Good luck with whatever you decide to do.