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

To: milo_morai who wrote (1899)	7/22/2000 10:55:43 AM
From: DRBES	Read Replies (1) \| Respond to of 275872

NOT TO SAY THAT "I TOLD YOU SO" BECAUSE I REALLY DID NOT NOR DID I ACTUALLY EXPECT SUCH A DECISIVE DECLINE IN THE STOCK AS HAS HAPPENED; but, when that which I saw such unbridled optimism about AMD's stock action surface prior to the earnings, I did caution that there would be the retarding effect of selling on the news and that options expiration Friday's tend to have a very strong correlation with weakness in the common an and uncanny set of coincidences with closes very close to prices that render the calls (especially) valueless. I am not pointing to conspiracies and stock manipulation and the correlations in the past have been high though not "unity." I have, however found that purchases of the common just several days prior to the expiration of options to be relatively untimely. I am not predicting that the stock will climb next week, there are too many other factors that I do not comprehend that may come into play. However, I suspect that, as they have in the past, purchases after the expiration of options will prove in the near term to be much more timely that purchases prior to those expirations. Is it not curious that AMD closed out the week just 1/8th of a point above $80/share? COMMENTS????? Regards, DARBES