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

To: chic_hearne who wrote (6716)	8/28/2000 2:04:21 PM
From: James Calladine	Respond to of 275872

SHORTING INTC: I agree with your comment, Chic. It is one thing to bet on AMD. It is another to bet against INTC. INTC has a lot going for it, and all kinds of ability to manipulate earnings, get the press/analysts to buy its spin on things, and so on. In general, the vast multitude BELIEVES in INTC and that is not so easily shaken by given events. In contrast, I would say that the vast horde DOES NOT BELIEVE in AMD, but hopefully will change their view over time, based on results. To a significant degree that process has already started--after all the 52 week low was $7 3/16.....!(split adjusted) INTC shows a PE of 54. AMD is 33. I think that illustrates what you are going against when you short such a stock. Anyway, good luck to those who short INTC, anyway. Best wishes, Jim