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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (129230)12/1/2000 10:42:41 AM
From: TimF  Read Replies (1) | Respond to of 1583558
 
Your right about no buy and hold on margin. I never really planed to keep margin for so long I figured I would pay it back when it recovered, I did fortunately pay most of my margin back (at one point I was at about $10k margin, when I got the call I was about $1900 margined, now I am at $261.58 of margin. I should be able to get at least that much together to eliminate it completly. I wonder if I win the prize for the largest % loss of anyone on this thread.. (I know I'm not even close to largest $ loss)

The Nasdaq has a lot of support around 2300-2500 and most long term traders believe that that support will hold.

Maybe but I have heard that before at higher levels. It doesn't really matter too much to me now I guess unless it rallys enough for the near term options to be worth something. Otherwise I might be better served by another large drop which would enable me to get back in with a much smaller and more conservatively invested (no margin) position early next year.

Thank you for your comments. While I have often disagreed with you on off topic issues here I appriciate that the discussion has been mostly polite and interesting rather then insults and bashing. The off topic posts probably will
keep me from splitting if nothing else. I probably will spend less time on SI for awile, but I will keep reading at least this message thread.

Tim



To: tejek who wrote (129230)12/1/2000 11:12:12 AM
From: Rob S.  Read Replies (1) | Respond to of 1583558
 
AMD has probably hit bottom but will likely lag the sector. Commodity pricing issues and sluggishness i the consumer market will weigh down the stock from rising off this depressed level. It will probably rise back to 20 but I don't see much upside beyond that for a while. There is more excitement in the wireless and communications chip companies and elsewhere. I'll hold onto 100 shares as a marker but play other stocks until the PC sector looks better.