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

To: Reginald Middleton who wrote (28700)	2/23/1998 4:42:00 PM
From: Bert Herman	Read Replies (1) \| Respond to of 1572724

Reg, First, I don't think institutional investors are so much smarter than we are. They can act faster on new information, that's about all. Second, don't forget that for every company, the largest part of the shares are in the hands of institution and some individuals for a very long time. Those people will not sell it, not because the price is very high or is very low. So the price in the market for most companies is set by a relative small amount of shares, who change hands very fast. Therefore, YES, individuals and their sentiments have a great influence on the price. And therefore the stock price always over and undershoot the numbers. Share prices should never change so fast and so great if it was pure and only based on the numbers. Or do you have a pure, numerical explanation why the price for AMD went in 1.5 year from 10 to 47, back to 16 and now back up? Only by the numbers? No sentiments involved? Come on. Greetings, Bert