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

To: jamok99 who wrote (55928)9/20/2001 1:34:51 PM
From: Tony ViolaRead Replies (2) | Respond to of 275872
 
Jamok, I've noticed that no matter what the averages, CNBC will have someone on that says we need to go down X% more. If the averages got to zero, then they'd say we have to mail money in to them.

Not to shoot the messenger, of course.

Tony



To: jamok99 who wrote (55928)9/20/2001 2:35:00 PM
From: niceguy767Respond to of 275872
 
jamok99:

"John Murphy, a very well known technical analyst, is on CNBC saying that he thinks we'll have to test the Oct 98 lows before forming a market bottom - thinks we'll drop another 7-10% from here to get to that point."

When one considers that AMD has dropped 60% over the past 2 months, another 10% is mere chicken feed...On the other hand, if AMD can recover its past 2 month loss, an investor today will reap over 200% profit!


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