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

To: RDM who wrote (11354)	10/4/2000 9:21:53 AM
From: niceguy767	Read Replies (1) \| Respond to of 275872

RDM: "...What the market is fearing is that the growth may be over. We shareholder are hoping for exuberant evaluations, but exuberance and optimism is not to found in a panic stricken investor. We just have to wait for the storm of pessimism to pass and hope that AMD has used this time to establish a track record of consistent results. Everything in the looks good for the next six months for them do just that." Comment: The market has always been and will always be at the whim of the psychological mood of the time. AMD at $24 is an example of a company caught up in the slipstream of this pessimistic mood over the past 3 months during which it has declined from $48.50 to its current $24. The perfect theory market model suggests that the current price reflects the discounted value of future earnings flow and as such the market is now looking at a 50% reduction in AMD's future earnings to those earnings it was looking at a short 3 months ago...Just not so, imho...In fact, given INTC's ongoing production blunders and AMD's growing list of vendors and continuing excellent execution, I would argue that the earnings stream for AMD looks even brighter now than it did 3 months ago...The market, being the fickle vehicle it is, just may see the error of its ways on Oct. 12 and revalue AMD accordingly...Just think AMD is waaaay to low at $24 compared to any other company in the tech environment, and think there is a fairly good chance, that if I'm right about a 4th successive record breaking quarter for AMD, that the market will respond very, very positively on Oct 12...No lack of excitement over the next while...We've got some calling for an AMD of $15 in the near term while others are calling for a retest of the $48.50 all-time high...That's what makes the market tick!!!