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

To: Shadow1 who wrote (201034)	6/8/2006 9:45:22 AM
From: Sarmad Y. Hermiz	Respond to of 275872

>> Last published data I see is 31 March which shows increasing positions (eg AXA), Of course. During q1 AMD price was going up, because institutions were increasing their positions. Re >> Do you have evidence No of course not. These transactions are not reported until 45 days after a quarter ends. So the evidence will be evident on August 15. I do have enough experience to know that a stock does not go down day after day, especially in the last hour, unless institutions who are holding it are actively reducing their ask price. The bad news is (and believe me, I've held through enough of these to know), that the selling comes in waves. The people who did not want the stock at 40 sold it to people who wanted it at 35. Those folk soured on it and sold it to people who wanted it at 30. Now those soured, and are selling it to people who think they like it at 27, and so on until it reaches obvious, indisputable value. Which might be a P/E of 18 on an earnings forecast of $1.30. I know, the jackass will complain this is demoralizing, and someone else will say this calls for a lobotomy. But this is my forecast.