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

To: Paul Engel who wrote (26624)	1/28/2001 12:19:43 PM
From: niceguy767	Respond to of 275872

Paul: ""Comprehension skills acting up again, Paul??? What I said was I dumped out half at double my cost leaving the other half as profit" Yep...Read between the lines as in "interpret"....As mentioned last summer, I had accumulated January call options, and yes I did take a bath on those...but as I had also mentioned, I accumulated a fairly significant position in shares and options while AMD was around $14-3/8 to $16 in Dec/Jan...That position included Feb and July options and when AMD closed above $16-3/8, which from my technical perspective represented a breakout from the 6 month downchannel, I further purchased January call options for trading...Much to my happy surprise those January's, purchased for $0.25, I was able to sell for $0.50 (50%), $1.00 (25%) and $1.50 (25%) for a gain of 400% in 2 days (mind you I did give back 25% of that profit on Friday)..300% net gain does help nurse the "blood loss" from the Jan 20's purchased about 10 months ago...Trust that explanation will help you sleep at night...Unloaded all my Feb and July options last week (They worked out very nicely as well...kinda nice to begin the New Year onside after the drubbing I suffered in the last 6 months) Just bought 5000 shares on Friday for $21-/38...Gonna stay out of options for a while until the next strong technical formation evolves...In the meantime, I'm assuming AMD is consolidating in the $19 to $25 range, with $22.50 to $23 the current resistance level within that range!!! By the way Paul, it's almost a year since you filched on the $100 bet I posed to you that AMD'd beat INTC's eps in Y2000...As we begin the year 2001, I'd like to offer the same bet, that being, that AMD's Y2001 eps is greater than INTC's...Gonna wuggle out of that, Paul???