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


To: Joe NYC who wrote (84688)7/12/2002 2:07:15 AM
From: bacchus_iiRespond to of 275872
 
RE:"To sell, you have to buy, and buying does just the opposite of the goal of keeping the stock down."

I think you can manipulate the stock. It's a question of timing. The effect of the buying prevented AMD to drop to $6 lately but now give them the capability to limit target to maybe $10 to $12 for the next 12 months maybe.

Where you may be right in your statement is the reduction of the float caused by Fidelity stake of 10% of Outstanding Shares which represent 14% of the float.

Gottfried