Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric K. who wrote (4365)	8/10/2000 6:06:45 PM
From: TechTrader42	Read Replies (1) \| Respond to of 275872

Eric: There's reason to believe there's good support between 56.25 and 56.5. You've seen the notes giving the reasons, so I don't need to go into them -- the 200 SMA, retracement, etc. All these TA notions can come in awful handy in finding support and resistance levels. FA has nothing to say on the subject. AMD could very well bounce from here, as Monty has said. But if it breaks much below 56.25, it might first head to previous lows around 53. T'ain't rocket science or wizardry or delusional: Where traders bought before, they're going to buy again, and where they bailed out before, they'll bail out again. The next area of support would be around 50, and if it fell through that, well, chances are that March's gap would get filled. As to whether to set a stop at around 55, it depends on a lot of things -- mostly what your entry point was and whether you're in for the long term or in for a shorter-term trade. If I were trading it here, I might set a stop at 55 3/4 or so. But who knows? It depends on so many things. At times, it's all guessing, at least when it comes to predicting prices. Money management isn't guessing, though -- so that brings up the issue of entry points and how much one's willing to lose -- or to risk. FA, TA -- s'all mumbo jumbo. Two more ways one can lose money -- or even make it, if you manage your money wisely. Really, it all comes down to money management. That's my TA spiel of the day. Now, no doubt, I shall be burned at the stake by the FA crowd. Better that than get involved in a TA/FA debate. Spare me that, please!