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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (155358)	11/27/2002 7:33:10 PM
From: porn_start878	Read Replies (1) \| Respond to of 1582327

Are you numb or do you have un névralgie? What I mean is that this move is purely technical, rationnal decision, but I'm playing with fire as I feel AMD at 15$ in 6-9 months. It's just that, in order to increase my volume, I have no choice but to try to edge it. At 6.20 or so, I can get back at 133% volume. AMD is the only stock that I know this much and wich I can have a chance to time it properly. I currently fear a positive earning guidance, and hope the stock will return in the 6-7.25 range before it happens. I estimate that I have 2-3 weeks to find a good buying point. Technically, the stock appears way overbought and the market may be subject to a pessimism reaction and profit taking in the following weeks. I have a quite strong feeling that the stock could jump by a further 20-30 cents on Friday, then it could go up to 10-11 before heading back. If my timing is good, the stock will stabilize on Friday and softly drop down to 6.90-7.20 were I could get back. Too much of negative announcements will drive the market down until february-march, this is what I hope since AMD will have a good first Q IMO and I may have a chance to load in at 4.80-5.50 and hold for 6 months.