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

To: Jim McMannis who wrote (4382)	8/10/2000 6:55:33 PM
From: AK2004	Read Replies (1) \| Respond to of 275872

Jim re: that ever had investing classes in college. can not argue with that, the only remotely relevant class that I ever took was economics 101. Regards -Albert ps the rest was physics and math

To: Jim McMannis who wrote (4382)	8/10/2000 7:31:26 PM
From: TechTrader42	Respond to of 275872

Another good note, Jim -- a pleasure to read. But you'll be tossed over the ramparts by those wary of TA, often only because it sometimes indicates the unthinkable for them: that their stock can do the impossible: go down.

To: Jim McMannis who wrote (4382)	8/10/2000 8:42:37 PM
From: Petz	Read Replies (1) \| Respond to of 275872

Jim, I find the best TA indicators are sentiment indicators like put/call ratios, % cash in mutual funds, etc. Have you ever read a book called "Stock Market Logic" by Norm Fosback? It had loads of sentiment indicators and their predictive influence on the market for 3 months, 6 months, a year, etc. Unfortunately, the data in version I have is based on data through 1973, maybe its been updated. The overall put/call ratio on AMD today was 0.88. For August puts and calls (the most speculative) the ratio was 1.24. When AMD was in the 80's and 90's those numbers were 0.25 to 0.33. I think the numbers are indicative of extreme pessimism which means there's no one left to sell. How many people are speculating on August calls now? nobody. How many loaded up on July calls before earnings? 2/3 of us When was the best time to sell? before earnings When is the best time to buy? no one knows if sentiment can get even more negative than now, but the best indicator of all is the depressed mood here. It wasn't this bad in January of 99. FWIW, the max-pain for August is now 70, so the option writers may put mild positive pressure on the stock next week for a change. Petz