Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Charles R who wrote (58954)	5/20/1999 12:31:00 PM
From: d e conway	Respond to of 1583495

<< What is your take on what happened yesterday and today >> My view: AMD has been forming a large bottom for the last 3 or 4 months...actual bottom in mid-April. Since mid-April the stock has been trending up steadily, probably in anticipation of K7. My guess is that as we hit the psychological $20 price, short sellers started covering in a major way, causing yesterday's big move. Today's pullback is just a normal to-be-expected pause/breather. I don't attribute the strong move to anything else (i.e. buying Cyrix, etc.), but what do I know. Of course, my crystal ball is still way fogged over, and we're probably still oozing boatloads of red ink, but one thing is certain...this little run-up has strangely silenced the Intelajerks. regards, Dan

To: Charles R who wrote (58954)	5/20/1999 12:37:00 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1583495

<What is your take on what happened yesterday and today vis-a-vis price action.> Probably a run-up in anticipation of the K7. I don't know what the Street is expecting, however, in terms of K7 performance, but even parity with the Pentium III would go a long way toward getting AMD out of the bargain-basement syndrome. Next comes volume manufacturing and whether AMD can actually make the K7 in real quantities. Too many investors have been bitten by potential "Intel-killers" that just couldn't be manufactured consistently. Tenchusatsu

To: Charles R who wrote (58954)	5/20/1999 12:51:00 PM
From: Petz	Respond to of 1583495

Charles R, I wouldn't worry about today's price action. When we stay above 20 3 days in a row, the long term bull trend will be confirmed. The last hour of yesterday's action was momentum players. (and short coverers) Petz

To: Charles R who wrote (58954)	5/20/1999 1:01:00 PM
From: Richard Wang	Respond to of 1583495

Chuck, Re: What is your take on what happened yesterday and today vis-a-vis price action. Recent AMD action has been pretty much to maybe even exactly what I have predicted here: Short term rise from bottom, short term uptrend, congestion zone around 18-20, resistance at 20-21, and short covering over 21. AMD is now working on its 20-21 resistance, but it should be done reasonably quickly. When it's back over 21, shorts should be working overtime to cover. (When we won't see much of make so so guy!) We should then go to 25 relative quickly. 25 probably won't hold too long either. Once over 25, AMD will be on an intermediate uptrend. Richard