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

To: John Stopforth who wrote (79569)	5/6/2002 4:42:34 PM
From: tejek	Read Replies (2) \| Respond to of 275872

ted Re: EDIT. If the Naz doesn't climb back above 1617 by the COB today, there is a good chance it will retest its lows of 1450 that it made right after 9/11. If the markets keep falling, as I suspect they will, AMD and INTC will test their September lows of 7.69 and 18.96. I haven't checked INTC's chart but I did AMD's.......it has some support at $10 1/4 but if things continue to move the way they did this afternoon, I would not be surprised either to see those lows retested. This afternoon, there were signs of capitulation on the Nasdaq. I thought it would end lower than it did. The DOW stayed comparatively strong. I hope my negativity is a contrarian indicator. Sunmicro at a multi year low, unbelievable. There are so many........VTSS at $4+, AMCC at $6+, CIEN at $6+, JNPR at $8+, JDSU at $3+, GLW at $6+......the list goes on and on. These were all at or near hundred dollar stocks at one time. It really is unbelievable......what a bubble there was at one time. And I believe that just as the bubble was overdone so is this bottom. ted