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

To: Monty Lenard who wrote (14941)	10/18/2000 7:21:37 PM
From: fp_scientist	Read Replies (2) \| Respond to of 275872

Monty, Thanks for your comments regarding INTC's gap. Re: INTC has a Tweezer Bottom on the weekly chart at 35 (if it does not break below 35 this week). From a technical standpoint 35 may be the bottom if no more bad news crops up. If it trades below 35 I believe you will see 31 1/4 and if it breaks that 25. I know people will laugh at the possibility of 25 but who would have believed YHOO would go from 250 to 45 or AOL from 96 to 37? After seeing AMD go from 45 to 16, I am ready to believe that ANYTHING can happen ... However, INTC's bid at 35 is really strong. See, they have a stock buy program and they may have set a "buy everything" order at $35!! Who knows? Intel has deeeeeeeeep pockets. The market was pretty iffy today ... especially towards the close. I am afraid there is more selling to come ... If AMD breaks $16, what's the next stopping point? [Just academic curiosity ... I hope!] fp