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

To: kash johal who wrote (45926)	1/14/1999 11:31:00 AM
From: Xpiderman	Read Replies (1) \| Respond to of 1570835

The falling knife!? The fact that AMD gapped down well below its 50-DMA ($26 3/4) and has been trading around its 200-DMA ($23 1/2) with heavy volume is very troublesome, at least for a short term period of time. Basically, the TA side of the story is just as weak as the FA side. If the AMD closed below 200-DMA or 23 1/2 this week, the next meaningful suppoert is in $17 area. So for those AMD buyers, maybe it's a good idea to wait till the volume dry up in a few days. The better idea: don't but AMD at all.