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


To: Reginald Van Pelt who wrote (2768)7/28/2000 4:05:43 PM
From: dougSF30Respond to of 275872
 
I dunno -- the SOX was good most of the day, but perhaps with the NAS falling so far at the end, the SOX issues got dumped as well?

Doug



To: Reginald Van Pelt who wrote (2768)7/28/2000 4:07:56 PM
From: Jim McMannisRead Replies (2) | Respond to of 275872
 
RE:"Does anybody have an explanation for the deep sell off in AMD and other technology stocks near the end of the day ?
This was positively frustrating, considering the technology companies themselves are so downright bullish."

1. Economy still too strong
2. Paranoid turkeys on Wall Street think no one will ever buy a PC or cell phone again....
3. That's this week...

Jim



To: Reginald Van Pelt who wrote (2768)7/28/2000 4:15:42 PM
From: niceguy767Read Replies (1) | Respond to of 275872
 
Reginald van Pelt:

Day traders rushed for the exits when the Nasdaq showed no signs of recovery...That was exagerrated by those who don't like holding for the weekend...Not to worry, though...More than 6 million shares took it up for most of the day in an abysmal market setting...A strong performance today by AMD and TXN finished on the plus side...Augurs very well for the next 2 weeks as the Nasdaq recovers!!!



To: Reginald Van Pelt who wrote (2768)7/28/2000 4:47:05 PM
From: david_langstonRespond to of 275872
 
I've always attributed the last hour sell-offs to margin call selling when the market has declined significantly over a short period of time. Especially on days other than Fridays, but on Fridays supposedly the sell-offs are due to traders closing out long positions for the weekends. Beats me why they never close short positions and force the stock prices up?