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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (121308)	7/31/2000 6:27:11 PM
From: tejek	Respond to of 1577883

Dave Ted, I am coming seriously close to selling a good portion of my shares (about 50%). I'm sure AMD will do just fine, but I doubt AMD is going anywhere for a while. I'll probably keep half - and I won't have to update my portfolio spreadsheet after the split. :) But I see a range of $70 to $90 for a while. It just seems that there may be better plays in the market right now. I wouldn't be as worried if it were only a trading range of 70 to 90; its the chance that the trading range will deteriorate to 60-80 that has me concerned. I'll be pondering this for a few days. I currently have a sell in at $69 on 1/2 my shares. What do you see for the next few months? If a recession is not likely next year and the feds are done raising interest rates, then I see a strong rally in the fall before the election. While that looks like a likely scenario, its not a given.....and that's the danger in all this forcasting BS. AMD is not the only stock that is struggling and its not just SOXX either. DITC which is an excellent and fast growing, well executed telecom/fiber optic company has dropped to $50 since I sold it at $90 a month and half ago...that's on no news and with earnings coming up in two weeks. Nothing is making a lot of sense...and that's why I plan to sell as much as I can (even with taking losses) during August. I plan to have left, only AMD, AREM, KOSP and some small caps like ANF. In the past 2 years, I have learned that its just when things get so bad you want to bail from everything, that's when things turn...I am hoping that that will happen this month. That's why I am trying to hold on to my AMD as long as possible. Make sense to you? ted