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

To: Luminous who wrote (34288)3/30/2001 1:20:13 PM
From: PetzRead Replies (1) | Respond to of 275872
 
One reason AMD might be weak so far today is that most of the end of quarter window dressing is probably over. I suspect that the publicity that AMD was the #1 performing SP500 stock in Q1 attracted two types of investors:

1. Institutions that wanted to show some AMD on their books at the end of the quarter
2. Unsophisticated shorters who figure that anything that outperforms must be a good short.

This is a war and #2 is winning right now. Most of the #1's probably didn't wait until the last day.

EDIT - another reason, niceguy isn't here to hold it up!

Petz



To: Luminous who wrote (34288)3/30/2001 1:32:13 PM
From: TimFRespond to of 275872
 
Any reason for the drop today (> 5.5%) while the rest of the market is holding up?

Because I bought some recently. Right after my last sale (of My options), the stock went from about 26.5 to about 30. Now that I have bought shares the price goes down.

Tim


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