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

To: Road Walker who wrote (11329)	10/3/2000 6:04:19 PM
From: niceguy767	Read Replies (4) \| Respond to of 275872

John: Don't know about the Nas...but AMD's range today including a daily higher high and higher low is a very good sign for AMD... In the midst of the currently predominantly bearish outlook for techs in general and in an effort to counter the growing number of bearish posts now that AMD is at $24 or thereabouts, it is probably timely to look at the big technical picture for AMD once again. What follows are my prognostications based upon my reading of the AMD technical data. Any close above $25-1/2(this week(?))will signal the end of the persistent down trend that has been in place since the beginning of September when AMD touched $38 and probably result in a rapid advance to the $33 level, maybe even before earnings (I'm hoping so, anyway!). Any close at $34 or better will signal a new trading range between $34 and $42, maybe even on or before Oct. 12. (I'm hoping so, anyway!). Any close above $42 ushers in a new range with the upper limit of the all-time high of $48.50.(I'm hoping so, anyway!). Any close above $48.50 and all bets are off, but I'd guess we'd get to $75 fairly quickly (i.e. by December 31, 2000)... Just as the descent in September from $38 to $24 has been powerful and relentless, October's ascent is likely to be equally powerful and relentless...as September's descent was solely based upon tech market panic (i.e. no fundamental AMD reason), whereas October's AMD ascent may be based upon both a reviving tech market in general, and, most importantly, confirmation on Oct. 11 that AMD is prospering in Q3 , contrary to AAPL and INTC... Once the Hale-Bopper analysts' erroneous psychological tie between the AAPL and INTC Q3 misfortunes and AMD is broken, (might take hard data of Oct.11, but then again today might be the first sign of this break taking hold...AMD closed above AAPL), the AMD price appreciation could be very, very swift and include several up gap openings throughout the month (maybe even see one this week)...After all, AAPL with a Q3 of $0.30 trades around $25, INTC with a Q3 of $0.45 trades around $40 and AMD with a Q3 of $0.77 trades around ???...(what I'm saying is don't get caught short in AMD, as price appreciation should come swiftly)and what's more, AMD's prospects looking forward are much, much brighter than either AAPL or INTC, imho!!!