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

To: greg nus who wrote (30268)	3/27/1998 12:24:00 PM
From: AK2004	Respond to of 1570880

Greg no one is going to kill the messenger but at this point your statements are unfounded to say at least. You do forget that there is a market there and players do compete to land as well as borrow. It's a market, remember. Your statement about arbitrage does not make any sense at all. Do you know what arbitrage means anyway?

To: greg nus who wrote (30268)	3/27/1998 12:29:00 PM
From: Brian Hutcheson	Read Replies (3) \| Respond to of 1570880

Greg , re. shorts as arbitrage I live in Vancouver . The underwriting business is well established here . Underwritings normally operate in the following manner , the stock is ACCUMULATED at a low price the underwriter then uses the stock to create volume on the way UP , which attracts more buying interest and further increases the stock price . That way the stock is issued at a high price and creates the minimal dilution . Now could you please explain how short sales can work as Arbitrage ? BTW last spring / summer you were one of the most bullish on AMD . In fact you managed to create too much expectation in many AMD investors including myself . Now you are the opposite you have been one of the most bearish since November or so , meanwhile the stock has gone up from $17.125 to $23 + I think if the past is anything to go buy I am going to start using you as a contrary indicator . Sorry Greg but I have been wanting to post that for quite a while , Brian