Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DRBES who wrote (36798)	4/20/2001 1:30:26 PM
From: that_crazy_doug	Respond to of 275872

<< AMD has expressed an intention to make a possibly major offering in the future, to expand capacity etc., I do not know the rules governing this but, they have to be very circumspect about activities that can later be interpreted by regulating authorities as suspect. >> I'm not suggesting they day trade their stock, but buying back a few million shares when you're near book value only makes sense. I don't think this falls under a questionable activity, since they certainly weren't doing anything manipulative to lower the price and announced the buyback.

To: DRBES who wrote (36798)	4/20/2001 1:34:41 PM
From: dale_laroy	Respond to of 275872

"AMD has expressed an intention to make a possibly major offering in the future, to expand capacity etc., I do not know the rules governing this but, they have to be very circumspect about activities that can later be interpreted by regulating authorities as suspect." That is true however, the SEC has in the past required brokers to buy to halt a selloff. Ideally, I would have liked to have seen AMD engaging is what could be termed daytrading in their own stock. For example they might issue the following automatic transactions: Buy 10,000 shares as each 1/32 price point below $20 is reached. Sell 9,000 shares as each 1/32 price point above $20 is reached, provided they have a purchase at $5 less from which to draw the shares. The result would be that AMD would reap both dollars and shares from what was historical volatility in their own stock.