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


To: tejek who wrote (18129)11/8/2000 12:28:34 PM
From: hmalyRead Replies (1) | Respond to of 275872
 
Ted Re..Someone has been selling...if they hadn't, the stock would not have dropped from $45 to $16. And the selling was not tax loss, it was primarily locking in gains. Its not the number of institutions but the amount of shares they are holding. Fidelity still holds but it has reduced its shares dramatically.<<<<<<<<<<

Ted, the reason I bought this up is two wks. ago you mentioned IBD said the accumulation rating on AMD was a D or C. This site shows institutions actually were increasing their AMD by 8 million shares q3-00. There is a discrepency there. I doubt if it matters which institution is holding the shares, Fidelity ,Vanus or otherwise, as long as you don't have a big overweighted position in one mutual fund, and quite possibly that is what Fidelity was doing; reducing their position in semiconductors, rather than ditching AMD per se; as other institutions have actually increased their amounts of AMD shares.

Do you know what period IBD gets their accumulation periods over, day,wk, month ?