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

To: Pravin Kamdar who wrote (47243)	7/12/2001 4:33:10 PM
From: jamok99	Read Replies (2) \| Respond to of 275872

Pravin, <<That would give AMD a PE of 30 at its current price. That's 50% higher than what the market has historically been willing to give it. So, once again I traded based on what I see the fundamentals to be. That will be my undoing.>> I, too, have made the decision to prepare for the downside risk, selling 1/2 my position yesterday outright, and selling Oct. $20.00 covered calls on the remainder today. It'll sure be interesting to see whether today's rally is sustainable, and represents the beginning of stock prices rising based on future hopes, rather than current fundamentals, or whether next week at this time people will be wondering "what in hell were we thinking last Thursday?" Just my guess, but it's hard for me to see how the sector won't suck on fundamentals as long as this price war rages. Jamok