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

To: that_crazy_doug who wrote (1049)	7/18/2000 9:49:22 AM
From: Scumbria	Read Replies (2) \| Respond to of 275872

Doug, We were in a bull market back then. Now the market is panicked, and AMD competes against Intel with Willy and Merced due out next quarter. We will be lucky to stay in the 80's by Friday. Scumbria

To: that_crazy_doug who wrote (1049)	7/18/2000 7:23:22 PM
From: Joe NYC	Respond to of 275872

cool post

To: that_crazy_doug who wrote (1049)	7/18/2000 10:11:19 PM
From: Rob S.	Respond to of 275872

While the stock market in general has been showing signs of "topping action", any question today about where AMD is headed should take into account "which market are we talking about". The current "darlings" of the tech sectors have moved up impressively since the down turn in April. In fact, many reached areas near to previous highs or at major resistance levels. At those nose bleed levels the darlings have little room for anything but great news or they are due for normal profit taking. Of course, that "profit taking" can quickly turn into "margin squeeze" if you got in too late or are highly leveraged. Intel and AMD are stocks that seldom get the kind of attention and have never attracted the meteoric valuations of stocks such as PMCS. No they don't have the same growth rates but they don't have nearly as forward looking price valuations/expectations. One sign of market topping action is when good news in leadership stocks and sectors is met with neutral or down stock prices. I'm sure you are aware of many recent examples of stocks that have run up ahead of earnings only to collapse once they announce results that have exceeded expectations. Looking more closely you can see that companies that have not had huge run ups ahead of earnings have faired well afterward while the hyper inflated stocks have farted out some of their hot air - call it minor a bi-product of indigestion in the greater scheme of the major bull market trend. I think AMD will probably move up after earnings are released. Of course a lot depends on where the numbers come in and how the company flavors the results during the conference call.