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

To: Petz who wrote (4605)	8/11/2000 3:40:53 PM
From: chic_hearne	Respond to of 275872

John, there's some very aggressive buying of AMD going on right now. Big block trades all going on the ask....

To: Petz who wrote (4605)	8/11/2000 5:51:15 PM
From: Monty Lenard	Respond to of 275872

John, it is a very close call on the restest. I will say that today looks a bit more promising for the bulls than the bears. Usually when one hits or breaks JUST below the 200 they will bounce (that is the first time) THEN if the market continues to be weak or the stock is in fundamental trouble they will end up going and closing below the 200. If that occurs I suspect the gap will get filled. To be honest I have never seen anything that made me believe there was a certain number of test required. I do know that a stock that has been below that ma for a longer time period is a good short the first time it TRIES to come back up through from the bottom. Then after the pullback if they will punch on through the ma go above it and then retest the ma from the top side. Those are good guidelines for entry and exit. I use real time data feeds but you will probably find the charts you want at www.equis.com or www.quote.com. There are many others I am sure but I don't have the links. "What are your criteria for indicating AMD is "safe to buy?" My guess would be when it filled the gap IF the market is favorable then. I would probably start legging into a position in the "area" of 45. All this assumes we are NOT IN A BEAR MARKET and there are no nasty surprises like price wars etc. and AMD's outlook remains favorable and this is not the bottom here. If we are in a bear market it will be when NO ONE would buy it on a bet which was when I bought it the first time. The market as you know will always swing to the extremes both up and down. You see neither FA nor TA is the holy grail. There is no such thing but combined they are powerful tools. I personally think that it is to ones advantage to use both if they are investors. If they are traders they could care less about what the companies fundamentals are. They are trading PEOPLE not stocks. PS - lets drop the personal stuff about Mani, OK? you got it. Monty