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


To: Jim McMannis who wrote (44413)6/16/2001 1:10:29 PM
From: DRBESRead Replies (2) | Respond to of 275872
 
re: "It's bad..."

As a "rule of thumb" your assertion is correct. However ( I always seem to have a "however" ) There are very notable exceptions. This may be one of them, or it may not be.

That this has been happening is obvious if you examine the intra-day volume patterns over the past several months. While the average inteL trade size compared to that of AMD has dwelled, usually, at 1:2 to 1:3, share-wise and more lately total dollar-wise, with the notable exceptions of light volume periods when both issues were in decline; when the ratio was more like 1:1.5 . The end result of this cumulative behavior is that large holders, "big money" as it were, has been systematically accumulating AMD.

Is this good? I truly do not know. It does appear that inteL is in a pattern of "distribution" while AMD has formed a pattern of "accumulation". Obviously this is wide open to very subjective interpretation...AND I could be very wrong. Obviously, I do not think so.

If the "weak hands" to "strong hand" pattern, only easily discernible in retrospect ( at least, to me ); when, usually, it is too late to act; we should if I turn out to be correct, before this season ends, see AMD move up decisively; probably when we least expect it.

Patient ( and thoughtful ) Regards,

DARBES