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

To: Thomas G. Busillo who wrote (38706)	10/7/1998 6:41:00 PM
From: VLAD	Respond to of 1577893

Tom, I clearly understand that the entire tech market sold off today but it still doesn't explain the 20% + sell off in AMD. It's not like the entire NASDAQ was down by 20% +. Bob Pasani mentioned after the bell that if the market was in a "bullish mode" then AMD would normally have been expected to have a nice move up. I hate it when the media speaks as if they know why things happen. When AMD rolled up to 30+ earlier this year on the IBM hype I knew that it was way over priced and would move back under 20 as it did. But today I expected for AMD to at least be flat even with the NASDAQ sell off since the company appears to be on the right tract to be the leader in the sub $1500.00 computer market. Intel finally appears to have some serious competition after monopolizing the microprocessor market. I guess you have to be insane to do well in this market since it never follows fundamentals. Micron has lost over 40 cents a share in each of the past 3 quarters and probably will not have a profitable quarter for another year yet that piece of garbage continues to trade in the $25.00 to $35.00 range. (IMO should be a $10.00 stock). Anyway to all those holding long let's hope for a nice bounce tomorrow to make up for the undeserved battering today. Good luck all.