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

To: kash johal who wrote (46352)7/6/2001 3:51:42 PM
From: Joe NYCRead Replies (1) | Respond to of 275872
 
Kash,

Overall not time to buying AMD right now.

I bought some shares today at $20.95. Short term, I don't think AMD can miss the greatly reduced estimates and there may be some computer buying when people receive their tax refund checks, reversing 2 quarters of declines of PC shipments. I don't know if it will do anything to the ASPs, but market may react positively.

Joe



To: kash johal who wrote (46352)7/6/2001 4:05:11 PM
From: tejekRead Replies (2) | Respond to of 275872
 
Overall not time to buying AMD right now.


Kash, AMD has considerable support around $20 1/2. If that holds over the next few days, then I think it is a long term buy. However, if it drops below $20, from a TA perspective, it looks like its going to $14-15.

As you said a few months back, things are bad. Everything depends on back to school and Xmas sales. So far, there have been very few orders for chips. Not a good sign.

ted


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