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

To: eCo who wrote (37229)	4/24/2001 6:44:15 PM
From: Gopher Broke	Read Replies (1) \| Respond to of 275872

A lot of long-term AMD bulls seem to be turning bearish, but AMD is holding up well. Are we selling because AMD has realized its full potential or is it that AMD has been depressed for so long that $27 looks good? And who is it doing the buying to keep the prices up? Well, Cramer reads the market this way. In reality, here's what will happen. The economy will boom again, probably by the fourth quarter or the first quarter. Some stocks that got ahead of themselves in the industrials will stop selling off soon and come back. Other stocks in the telco tech sector are due for another hammering. Then there is a lot to like in between: retail (Kohl's (KSS:NYSE - news - boards)), banks (Citigroup (C:NYSE - news - boards), Goldman Sachs (GS:NYSE - news - boards), Merrill (MER:NYSE - news - boards), my faves), oil and gas (Schlumberger (SLB:NYSE - news - boards) is my fave there) personal computer tech (AMD (AMD:NYSE - news - boards), Microsoft (MSFT:Nasdaq - news - boards)) and media, not to mention the drugs. Nice to see AMD in that kind of company, referred to as "a lot to like" and not "blood on the road". Perhaps the general air of capitulation I am seeing here is a contra-indication and AMD is about to embark on another leg up?