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

To: Goutam who wrote (4595)	8/11/2000 3:28:31 PM
From: Eric K.	Read Replies (2) \| Respond to of 275872

Be serious Goutama! niceguy wrote his $120 price target at least one thousand times on the two AMD threads. He didn't exactly get harshness from us as a result. I don't expect a technician to be able to say, "Stock will go to x in y days." I expect a technician to be able to say, "The probability of this happening is higher than the probability of that happening." If someone could make short term predictions to a precision of, "The stock will bounce to $62 next week" with > 80% certitude, the person would be a billionaire within a few years. Perhaps there are occasional situations when a person could be this certain, but I don't think it's realistic to expect an average correctness this high. -Eric