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

To: Gopher Broke who wrote (64012)	11/19/2001 2:16:14 PM
From: Pravin Kamdar	Read Replies (2) \| Respond to of 275872

Gopher Broke, Sold my INTC puts for a 20% gain. I am still bearish on Intel, but the market is just looking too buoyant to stay short for very long. The way I see it, the market will have a downward bias for the next three trading days, with short covering rallies at the close each day until Bin Laden is captured. After Bin Laden is captured, we will have a short rally, followed by a one to two week selloff. I expect tax loss selling going into the third week of December, with an end of December and early next year "January effect". AMD, even with all the good news, is at risk here due to Intel's over valuation and recent runup. When Intel corrects, AMD will be pulled down. I sold all my AMD on Friday, and expect to buy it back for $12.50 by Friday, due to Intel dropping to the $27-$28 range. That's what my crystal ball is telling me. Pravin.