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

To: gzubeck who wrote (139241)	11/9/2004 6:31:37 PM
From: niceguy767	Read Replies (1) \| Respond to of 275872

Sounds like you should be selling Jan calls or buying Jan puts if you feel that strongly! If you do sell calls, I'll be waiting to buy them! For the record, that "flash" statement by AMD yesterday marks a 3rd historic AMD announcement, the 1st to being Spry Athy and Opteron. Incidentally, if it's any consolation, the Spry Athy and the Opteron announcements were also greeted with a lukewarm response at best, by the roiling masses!

To: gzubeck who wrote (139241)	11/9/2004 8:09:52 PM
From: dougSF30	Read Replies (1) \| Respond to of 275872

Hmmm. Unlikely the stock will go down in the near term, otherwise, he'd be on the hook for insider trading. They were all exercise-and-sell transactions. He may not have had the capital to exercise-and-hold. Did you check the expiration dates on his options?

To: gzubeck who wrote (139241)	11/9/2004 10:59:17 PM
From: Petz	Read Replies (1) \| Respond to of 275872

gzubeck, you are the one who needs due diligence. It is absolutely normal for a director to dump most of the shares he/she receives from exercising options. I would bet that if you looked at the 100 companies in the Nasdaq 100, that most option exercises are paired with selling of 100% or more of the acquired shares most of the time. Take DELL, for example. Just in August, September, October, we have VP Parra, CFO Schneider, Officer Davis, VP Marengi [the one who says DELL doesn't need AMD], VP Hamlin, Director Miles, Leasor Carty Properties, and CEO Rollins exercising a total of 1,503,000 shares and SELLING EVERY LAST ONE OF THEM. Nada, not one share kept. And thats not all, Michael DELL sold 11 million of his own shares and didn't acquire a single share. Besides that your facts are simply wrong. <Mccoy had 150,000 in options that were exercisable after sometime in 2001...he exercised most of them, I assume> "He exercised most of them, I assume" shows how little you know about ISO plans. If you think the company is going down the tubes, you will exercise as soon as possible and dump the shares. But if you think the stock will rise, you avoid exercising until the last possible minute and then keep some of the shares. That is exactly what McCoy has done. In the last two years, McCoy acquired via exercise 25,002 shares on 4-Nov-03, sold most of them and kept 10% of them, increasing his holdings by 2,500 shares. Three weeks ago he must have been even more bullish on AMD than in 2003, because of the 15,276 shares he acquired by exercising options, he kept 12%, or 1,776 shares. Hey, I've seen directors at some companies keeping more than 12% of the shares, don't get me wrong, but McCoy's actions show more optimism than the vast majority of corporate directors. (For a particularly bullish company as far as insider trading goes, take a look at NVDA - finance.yahoo.com ) Petz