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Technology Stocks : AMD: A thread for real AMD investors not nit-picking twits -- Ignore unavailable to you. Want to Upgrade?

To: ajbrenner who wrote (106)	11/29/1998 12:36:00 PM
From: Brian Hutcheson	Respond to of 254

Long term comparison of AMD price/volume action . A look at AMD's monthly chart indicates that at no time in AMD's history has the price movement and volume been so strong . The total volume over the last 2 months has been 160 M shares traded , almost equivalent to the previous 4 months from june - sept . The stock price has also shown virtually no regard for resistance levels . Price levels that in the '96-97 run up took 5-6 weeks to go through , have been shredded in 2-3 weeks . The problem for traders is that if they sell out in anticipating a buy in at lower levels then they could experience what happened last week i.e. a drop to $25.625 followed first thing next day by a gap up of over $2 , Brian