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


To: Robert Douglas who wrote (85673)7/24/2002 10:58:26 AM
From: Neil BoothRead Replies (3) | Respond to of 275872
 
The question I have is are you buying now?

No, though some like AMD look tempting. I think there's still a lot of "skeletons" to come out of the closets, particularly in the US, and if options start being expensed then what was a 20 PE becomes 30 (to most onlookers, of course the true PE never really changed).

I think (and hope!) the Naz will touch 1000. I'd look at picking up quite a lot of morsels then. The Naz has already dropped 200 in 5 days.

Neil.



To: Robert Douglas who wrote (85673)7/24/2002 11:31:43 AM
From: Mani1Read Replies (7) | Respond to of 275872
 
Re <<The question I have is are you buying now?>>

The question was not to me, but I just finished buying. Totally and completely margined now.

I went long Monday toward the close. I bought more yesterday at the close, and now I am fully in. If it drops I will get margin calls. Greedy when other got scared? Or an inexperienced idiot on a lucky streak who hasn't seen a real bear market?

We'll see.

Mani