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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (656)4/13/1998 4:48:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 4634
 
I'm pounding the table on shorting AMD.

The stock was down another buck and change today with a nice selloff towards the close. I am convinced that the hot air that was pumped into this dog over the past two months is now slowly leaking back out.

I still believe the high teens is a certainty and as long as the news continues getting worse, I'm hanging on until it retests its 1996 lows.



To: Dale Baker who wrote (656)6/2/1998 8:37:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 4634
 
AMD continues to crumble.

The price is finally beginning to catch up with the atrocious fundamentals of this company which relies on copying the products of better-run companies.

I am still short AMD and see no reason to cover yet.


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