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

To: chuckles58 who wrote (51163)	8/15/2001 10:32:39 AM
From: niceguy767	Respond to of 275872

chuckles58: "Picked up some more AMD at $14.67. Hope this means we've hit bottom. Don't want to test 52 week low. I think it's time to break out the old strategy where we all buy in 100,000 share blocks again.<ggg> AMD under 50% of INTC ($14.66 vs. $30.35) :-(" The assumption that AMD is hurting more than INTC owing to current price war seems to be a "given" in the marketplace judging by current price differential. I don't buy the notion that it is at all a "given" and in fact, it wouldn't surprise me if INTC is experiencing a whole lot more "hurt" at the moment than is AMD... Nas currently testing critical support around 1950...If it doesn't hold, INTC could take a major tumble relative to AMD thus reducing the, picing anomaly of $15 between INTC and AMD shares...Whether or not AMD can remain above its recent lows remains to be seen, particularly if another major Nas slide occurs as a result of breaking support in the 1950 range. (Fortunately for longs, so far today, the DOW is hanging in!)