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

To: chic_hearne who wrote (7123)	8/31/2000 1:17:38 PM
From: andreas_wonisch	Read Replies (1) \| Respond to of 275872

Chic, Re: I think if we can hold for a week, that will signal the overhead resistence has been broken. Yes, things are looking good now right now. Volume has somewhat picked up (but is still light) and AMD is more up than the market. If we can close about the 50 DMA (right now at $36) this would be a strong buy signal. After the consolidation phase at $34-35 this looks like a break-out -- let's just hope $36 will hold until the close. Why didn't they hike a half point today? I've read rumors that Germany may back out. It's a very difficult situation: If the Central European Bank hiked a half point today it could have been too much for the relatively fragile economy boom at the moment (the US economy is still much stronger, we are just picking up slowly). And the low Euro has also advantages for the export economy here which makes record orders right now. Still many bankers and politicians are concerned but there's nothing they can really do about it right now if they don't want to endanger the economy boom. I don't think that Germany would back out -- we were one of the countries which drove the currency union forward (or at least our politicians, a majority of the people here don't like the Euro). But I think the UK won't join us in the next few years due to the weak Euro. If the Euro went even lower (ca. <$0.80) this could generate some sort of panic here. But I personally think that it won't go much lower. It's at ~$0.90 for months now and while the US economy is slowly slowing down it's just picking up here. I hope Mani doesn't kick me off the thread for this OT discussion... ;-) Andreas