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

To: Yousef who wrote (38710)	10/7/1998 7:17:00 PM
From: Jim McMannis	Respond to of 1577915

Yousef, I think you have to look at the big picture. Wall Street is discounting a recession, right or wrong. It always overshoots to the downside. AMD made a nce run from 13 to 20. It was asking too much for the institutions (saw 400k and 600k blocks today) to not take profit especially with the economy so uncertain. Funds typically like to take profits to meet redemptions rather than take losses...or at least get the best price they can. 1973-74 the DOW went down 50%...only 20% off the top so far but a lot of things are down 40 and 50% already...if the DOW breaks 7382 to the downside, we all might as well start a commune in the rockies and grow our own food...<G> Jim