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

To: overhols who wrote (188711)	3/6/2006 7:21:18 AM
From: Dinesh	Respond to of 275872

what it will take to get intel below 15 among other things, it will certainly take time to be rid of nearly $30 b of shareholder value. Furthermore, markets are never fully rational, people are loath to sell below their purchase price, and hope never dies. regards -d

To: overhols who wrote (188711)	3/6/2006 7:49:11 AM
From: Shadow1	Respond to of 275872

overhols re intc puts - as strange as AMD's trading was Friday, intc's made even less sense to me. Perhaps the funds think that since the company has now acknowledged how bad things are, the news won't get worse and must already be priced in. I don't think so - looks to me like the news, at least in terms of results, will keep getting worse for them until mid-summer or later. That said, $15 sounds low to me unless Merom/Conroe/Woodcrest fail or intc slits their own wrists with useless price cuts. I don't think they've seen their 52 week low yet - I expect them to print 18.50 at some point. I sold my July 25 puts when they held 20 on Friday, but if they show continued strength this am I will be buying again. I tend to shy away from out of the money options on a stock with such a (historically) low beta, so I'll be looking at the July and Oct 22.5s and 25s. The July's have been trading with little or no premium. Disclaimer - don't forget the elephant in the corner: any public resolution of the lawsuit could have a material effect on both companies.