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

To: eplace who wrote (2380)	7/26/2000 1:08:05 PM
From: chic_hearne	Respond to of 275872

Re: I've been waiting for the SOX to get down to around the level it has this morning. It shows now to be in a very oversold condition Ed, are you putting your money where your mouth is? I'm not, still sitting over half cash.... I'm actually considering opening up a spread. I can't see AMD at $75 too much longer. The question is will it be at $50 or $100? chic

To: eplace who wrote (2380)	7/27/2000 12:16:44 PM
From: chic_hearne	Respond to of 275872

Re: chic...I've been waiting for the SOX to get down to around the level it has this morning. It shows now to be in a very oversold condition. Now maybe this part of the market can start turning around. Ed, You wrote this yesterday, the SOX is down ANOTHER 7% today. Who knows where the bottom is on this thing. It's gone done so fast I wouldn't be surprised if when it finally does bottom, it consolidates and goes sideways before moving back up. In the mean time, I'm sticking with my January AMD calls. 2 more quarters of good earnings should leave them in good shape. chic PS- This morning I picked up some AU, HGMCY, and MO. Just.... don't ask.... Now I'm down to 1/4 cash.