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

To: redbird who wrote (33634)	3/27/2001 10:25:01 AM
From: niceguy767	Read Replies (1) \| Respond to of 275872

redbird: "NG, We have traded over 1 Mill shares in the first 1/2 hour. Price has taken the first run past 29. No warning from AMD on earnings. All signs point to an over $30 day today. It will be volatile and run up 2 steps, down 1. But when the day is over, I expect the price to be above $30. Anyone wanting April 30 Calls had better get in now." I can't disagree!!! All the profit taking from last week's runup took place yesterday by the looks of things...Not a lot of shares available for sale today, as a result...Day traders might opt out in the $29.40 to $30.00, hence may be tough sleding from here to $30...but, if AMD can chew thru the $30 shares, I'm expecting a fast runup to approx. $34.00... (Inexorable upward bias over the longer term to $48.50)