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

To: Joe NYC who wrote (14999)	10/19/2000 8:08:07 AM
From: bacchus_ii	Respond to of 275872

RE:"It is ironic that the company is performing very well, but stock is going nowhere. " Funny (is it?) that a post I made long time ago (not on SI) is still very actual for me now. ________________________________________________________ <Someone, either a large institutional investor, or Intellers with large holdings is doing the following: To keep AMD from looking like a good investment, they can buy a large number of shares when it's down, and immediately sell them when it goes up a point or two to make it bounce back and forth, discouraging others from wanting to buy since it looks too volatile and not a good stock to invest in. > - (yahoo poster) BARCLAYS BANK PLC hold Intel's 93,868,217 shares $9,210,818,793 BARCLAYS BANK PLC hold AMD's 3,885,707 share $143,530,245 If Intel lost his monopoly status this is 10 billions dollars at risk for BARCLAY. The 143 millions $ in AMD is not significant at all for them. $2 drop in Intel is more lost than if AMD goes to zero. BARCLAYS is the third biggest AMD shareholder... Isn't it frightening... Although "I already own more than anyone of my means and sanity (let alone prudence) should." ________________________________________________________ Since then maybe Fidelity was on the task this time and was trading on a longer time frame. Gottfried PS:I still own more than anyone of my means and sanity (let alone prudence) should. But I took a lot of profit in between.