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: Bill Jackson who wrote (41529)	5/29/2001 1:08:10 PM
From: niceguy767	Respond to of 275872

Bill: "Who is to say how an inertialess object will bounce?" Not a lot of bounce so far today...DOW seems bent on testing 11000 and AMD bent on testing $30...When I see so much red on my screen, it usually indicates an oversold market condition, a precursor to a general market reversal...Just have to see how the second half of the day unfolds...A strong AMD recovery this PM cannot be ruled out as with all the positve AMD rumours swirling about, some positive hard news could surface at any moment!!! Besides, from a technical perspective (and supported by company fundamental strengths, AMD needs to position itself around $34.50 this week in order to break out into new near term high territory in the week of June 4!!! (Current AMD = $30.15, DOW 11010)

To: Bill Jackson who wrote (41529)	5/29/2001 1:44:07 PM
From: niceguy767	Read Replies (1) \| Respond to of 275872

Bill: Looks like the DOW has sprung a leak as I type (10070)... Isn't it about time now for the strong (AMD, IBM, GE) to mount a retaliatory charge against all this negativity???

To: Bill Jackson who wrote (41529)	5/29/2001 2:25:24 PM
From: niceguy767	Respond to of 275872

Bill: Looks like AMD has also sprung a leak as I type...Below $30!!! Man, when they break out of those large triangular patterns (lower boundary = $31.50 this AM), they do seem to move in an exagerrated manner!!! Nobody buying 'til it settles down it seems... (Personally, I'd have preferred breakout on the upside...Looks like we'll have to wait a week or so now!!!)