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

To: fp_scientist who wrote (14947)	10/18/2000 7:39:28 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 275872

From an academic point of view. AMD's VERY bottom is 9-10 unless they go out of business but there is little pockets of support all over the place from here. My next buy point will be 12 1/2. If it does not trade there I will just hold what I have. The thing about bear markets though is that it could just gradually grind down. I buy when I have to just FORCE myself to pull the trigger. Now AMD I did not have to pull the trigger because I have had that order loaded for about a week now but the others I bought took all the will power I could muster. What I did with AMD though is buy twice as much as I wanted to hold had sold half at 19 and sold covered calls on the balance which will protect me to about 12 bucks. So it has to go to 12 before I will be in the red. Now you may be right on INTC and the 35 stock buy back price because it has been a dynamite support price. If you will notice INTC hit almost a perfect 50% retracement from it print high of 75.8125. 29 would be a 61.8% retracement which is not at all out of the question if the selling continues. My next support line below the 35 is 31.25 which is not that far from 29. If it breaks 35 keep 31.25 and/or 29 in your sights. FWIW Monty