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

To: AK2004 who wrote (16299)	10/27/2000 9:14:37 PM
From: ajbrenner	Respond to of 275872

Re: if true then fidelity dumped ~5% of amd over the last 3 months. Albert, We all know the funds have been selling AMD and anything else they could to take a loss on by 10/31. What will be more telling is if they start to increase their AMD position over the coming months. ajb

To: AK2004 who wrote (16299)	10/27/2000 10:17:57 PM
From: bacchus_ii	Read Replies (2) \| Respond to of 275872

I wish they had dumped all of them. I think Fidelity have so much INTC shares that they play Intel's game here. We all know that if by May-01 AMD will force conversion of 1/2 billions $ convertibles provide that the shares price stay over $17.50 for 20 of the last 30 trading day if my memory is good. Fidelity don't care about any lost they make on AMD. If INTC goes down a couple of point, it's more lost to Fidelity then if AMD goes to zero. They are in interest conflict here. Gottfried (very.paranoid.tonight)

To: AK2004 who wrote (16299)	10/28/2000 12:11:37 AM
From: Goutam	Read Replies (3) \| Respond to of 275872

Albert, re: < that is not good - as of 6/00 Fidelity had 11.64% stake in amd. if true then fidelity dumped ~5% of amd over the last few months. They dumped half of their stake in the third quarter. Last time, I saw (about two weeks ago) they had about 26K shares left (post split). So they dumped about 11K shares. I think it'd be good for AMD if these guys get out of AMD. I believe these are the guys that loaded up the ask side whenever there were big buy orders, or a big block at ask was taken out. The way these guys dumped the stock (not selling at the market, but loading up ASK at 1/16 or 1/8 higher than the bid) was almost like controlling the stock price from moving up. goutama