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

To: Jim McMannis who wrote (65301)	12/9/2001 8:07:30 PM
From: niceguy767	Respond to of 275872

Jim: "I was looking at a chart of AMD. Looks like a couple gaps need to be filled. 15 would do that. Pull back next week?" A part of me is tempted to liquidate for that reason and buy back in at $16 but another part of me is saying hang in owing to the ease with which $16 was overcome and owing to the volume strength behind this latest price surge...The turnover of 25 million shares at $18 on Friday can't be ignored and may have established the next launching base as AMD moves to $23...There is also a gap that occurred on the way down between $27 and $23 that has yet to be filled, so gaps don't necessarily get filled immediately... As mentioned previously, my target is $20 to $23 by end of January and I'll re-evaluate my macro strategy whenever either occurs... Tough call for this week as you have pointed out, and I'll be watching ST patterns and volumes closely but, atthe moment, I'm thinking I'll hang in in hopes that we can test $20 this week, and if successful in testing $20, then, $23 in the current upleg...(With INTC at $34 as a reference point, huge AMD volumes of last week, and another fed cut on Tues?, AMD would seem to still has ample upside on this leg up, imo)...(recent AMD press release indicating record unit shipments and record PC processor revenues is an extremely positive future indicator, as well)...