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

To: Petz who wrote (201724)	6/12/2006 5:03:17 PM
From: BUGGI-WO	Read Replies (1) \| Respond to of 275872

@Petz - Sell My sentiment in regards to the TECHS sucked in the last time, but I'm really wondering if I'm the only one who thinks that a SOX with 435 is way oversold? We have seen some normal seasonal data from the techs, some disappoint as always and some show really good numbers, but when I looked at the market in general I get the feeling, that the TECH demand is really going down, down, down, down ... crazy stuff, what the market has now priced into the stocks yet. I'm not only talking about AMD or Intel, I could look to near all stocks ... same picture, some lost 15-20%, some 40% or more this year. BUGGI

To: Petz who wrote (201724)	6/12/2006 5:37:52 PM
From: TGPTNDR	Respond to of 275872

Petz, Old News. Released: Thursday, May 18, 2006: The Conference Board announced today that the U.S. leading index decreased 0.1 percent, the coincident index increased 0.2 percent and the lagging index increased 0.3 percent in April. . . . LEADING INDICATORS. Three of the ten indicators that make up the leading index increased in April. The positive contributors - beginning with the largest positive contributor - were vendor performance, stock prices, and interest rate spread. The negative contributors - beginning with the largest negative contributor - were building permits, manufacturers' new orders for nondefense capital goods, index of consumer expectations, average weekly initial claims for unemployment insurance (inverted), real money supply, and manufacturers' new orders for consumer goods and materials*. The average weekly manufacturing hours held steady in April. conference-board.org Next release, for May, due June 22.At least one of those three leading indicators turned down in May. CC down, Help wanted down also. finance.yahoo.com Like, 9% down. Make that two. Interest rate spread tightened also. I don't know about the rest. Some Jawboning tonight from Fed, around 7:00, IIRC. Next FED meeting June 28/29. It'll be interesting but the feel this afternoon,to me, was a local bottom. (It's been a while since I've felt one of those.) ;-) I guess we'll see in the morning. -tgp

To: Petz who wrote (201724)	6/12/2006 5:51:18 PM
From: TechieGuy-alt	Respond to of 275872

Yup. The market looks terrible. Also got out of aubstantially of all my AMD today. Had a good to cancel order for 30 the last week (when the stock was aroundt there!). Should have just taken the ~$29.xx I was getting last week :) Anway, got $26.14 today. Boy, most everything I have has bled a lot the last few months. TG

To: Petz who wrote (201724)	6/12/2006 6:02:34 PM
From: niceguy767	Read Replies (1) \| Respond to of 275872

Wise decision methinks. AMD looks like it wants to test $25 and INTC $15. As I see it, INTC P4 price cuts pretty much guarantee tough slogging in the CPU world for at least the near term. Seems like INTC management have taken the position that if they are going to be decimated in Q2, why not attempt to take AMD down too. A risky move is this for INTC, because if AMD does counter INTC's Conroe hype with products that reclaim vapour performance leadership, INTC will be relegated to the minors for an awful long time. Like you, I liquidated all long positions at the open. Just too many negatives led by macroeconics, rising interest rates, inverted yield curve and price war. I'm very happy that AMD has countered INTC's scorched earth pricing initiative in effort to maintain its share, as I'm confident that AMD will, consequently, see continuing Revshare gains going forward, just not with the eps that I'm confortable with. INTC dropped the glove with its P4 price cuts and AMD has now responded. Now let's see who blinks first. While I'm waiting though there is no way I see any upside for either of the combatants. Again, my perspective is that INTC has miscalculated greatly as I just don't think INTC anticipated that AMD would call INTC's price cut bluff. Yes calling INTC's bluff hurts AMD, but it absolutely decimates INTC from my vantage point.