I'm getting out of AMD next chance I get. This stock sucks.
Doesn't suck in performance or as a corporation. But sucks in the market where all the big players like GS, MS, CS, and others short it, and it drops regardless of news.
The CEO makes no press conference or anything to address the drops.
It's a great stock if you're long. But why be long in AMD, when you can be long in a better stock for your money?
Or play short-term on something more worth your money.
NOTHING is ever worth taking a loss over.

And keep in mind, time = money as well.

Yes I made an error on my part. My apologies to the board.
My new question is then, why are we down to $3.80 after hours?

The Q3 Report and results haven't been released yet.
What is your source?

EDIT: DISREGARD THIS POST. ERROR ON MY PART.

Gear up for a run. Possible gap up.

"Senate reaches deal to end shutdown, avoid default"
http://www.cnn.com/2013/10/16/politics/shutdown-showdown/index.html?hpt=hp_t1

Let's break $4. Can you all say, "SQUEEEEEEZE"
and after you get your money, "CHEEEEEESE"

Next week:
Debt ceiling talks, government shutdown talks, AMD earnings report...
The lives of many can change in the next week.

Anyone have any thoughts on the support at $3.80s level on whether it will hold or break under?
Also, what are we looking for into close?

Selling is foolish at this point IMO.
Look at the chart from April 18. Stock tanked a bit the next day even though we beat the analysts by a greater amount, and the next week picked back up to its original point and breaking past it (from $2.50s to $4.40s).

On another note, volume is ridiculous today and its on its way back up over $4 and the support at the $3.80s is strong.

Quarter 1 Earnings Report on April 18, 2013:
"For the second quarter of 2013, AMD expects revenue to increase 2 percent, plus or minus 3 percent, sequentially."

Quarter 2 Earnings Report on July 18, 2013:
"For the third quarter of 2013, AMD expects revenue to increase 22 percent, plus or minus 3 percent, sequentially."

19-25% INCREASE?!
Seems like they know something big is coming. No company would make a claim that absurd. But come on... I think we all saw this coming too with everything going on at AMD.
Only a PPS loss of $0.09; beat the street consensus of analysts saying AMD would report a loss of $0.12.

They beat it by $0.03 promising a revenue increase of 2%.
But a revenue increase of 22% for Q3? I can't wait.

HOLDING LONG!

To call anyone on Seeking Alpha an analyst is a joke.
People share strong opinions and follow the masses among themselves. Good thing I didn't listen to them when they bashed SNE at $8. Look at SNE now.
Better to use various sources and different analysts.

Also, anyone seeing AMD move? Above average volume of about 38M, and it tests resistance til it breaks to the next point. Rinse and repeat.

"a possible google contract..not to mention a possible google buyout"

I know rumor mills churn in desperate times, especially with AMD being so cheap, but I can't find anything on this other than speculation. Maybe Dell or Qualcomm, but I can't find anything on a Google buyout possibility. Please explain further with a source.
Not trying to undermine your post; it is very well said. Just trying to see where this is coming from.

Thanks chrispaul.

Come on now... No need to resort to name calling and behaving immaturely.
They said it was their opinion (hence the "imo").
Everyone should always do their research either way. If no one is smart enough to do their own research, stop trading.

Let's stay on topic and respect each other and our opinions.

I believe this stock will pick up slowly with volume and price point as we near July 17 (Wednesday). Around July 15-16 (Monday-Tuesday), we should see HEAVY volume and very nice runs.
IMO we'll surpass $5 by next week, and beat 52-week high of $5.98 on earnings date since we're definitely destroying 26 analysts. They should start working on their resumes for a new job lol.

My only regret was not using my money in other stocks while AMD balled around $4 for the past month. SNE, F, GME, all were nice gainers this month, especially for short term channel plays.

On the bright side, Thompson Reuters upgraded AMD from "hold" to "buy."

http://utahpeoplespost.com/2013/07/thomson-reutersverus-upgrades-advanced-micro-devices-to-buy-amd/

Also, great place to add some without worries.

I'm hating the way it's been moving around even if I'm holding long. Unpredictable, and so stale within a certain price range for the past 2 months almost.
I guess it's warming up for the 52-week high dash coming up in just 2 weeks (July 17-18).

If it doesn't run, I want it to drop. If it doesn't drop, I want it to run.
I hope it's not another waiting game for a month, but I feel it will be with earnings reports not due until July 17/18 (which is still no reason for it not to run/drop) being so close and so much expectations.
Low expectations to beat at least. All AMD has to do is report a loss less than 0.12 per share to beat analysts, and it will rise a bit if not hold til Q3.

Full sail onwards to closing at/above $4.15 HOD.
Let's see some action. Been waiting for a while now.

Was in around $2-3, bought more around $5 before that crazy run, sold all around $8 because it had shown a lot of resistance and I had a good run so I took profits.
Saw this go on sale yesterday, and heard the CFO talk.
Got in at $6.80.
Will wait for $9-12 and then worry about $22 after that. But let's take this one step at a time.

Beautiful beast of a stock and company.

Closed above the $4.08 support.

Pre-market price is at $4.17, well above the next resistance.
I think we're gonna see some runs soon before earnings reports due to people trying to get in before it's too late.

Slowly, but surely, trending higher on lower than average volume.
Closed well above $4 yesterday, and expecting the same today.

It's balling around the 20MA on a 15 min chart. But let's secure ourselves that $4 close to drag that 50MA up and well above $4.

Quarterly report for Q1 consensus was beaten by -0.05, I believe and those numbers were crunched before then, and before much reveal on anything they're planning. Many things have come to light since then...
Q2 has a consensus of -0.12 per share on 07/15/2013.
Notice that when analysts expect a loss, and a stock does better than expected, the stock runs up exponentially in a very short period of time.

TL;DR:
Lift off on 07/15/2013.

Ref:
Charts, Volume, Shorts, performance, news, projected earnings, results, better and new management/leadership, contracts, and some of the best products on the market.

Please understand that Reasonable may not have been holding long.
For short term traders, chart technicals play a big role, and he had a good point.
What bothered most people was not the technicals and charts, but his constant posting and "surefire" attitude towards the dip.
Nonetheless, he is entitled to his opinion, as long as it is an opinion. We've all been wrong before.
Just please keep in mind, chart technicals aren't everything.

On topic, AMD seems to be liking its new home in the $4.00s.
New highs? We'll see if it holds if the market drops thanks to central banks stopping their bond buying.

I've been looking at the historical charts. For AMD there has always been a significant drop before an exponential run.
And it usually balled around the same price range before then (see 2004-2005).
At this point, Idc what it does. If it tanks to even $3.00 I would love grabbing more. If it runs up from here, I've got no choice to buy at a higher price.
But I just want it to do SOMETHING. ANYTHING.
I'm running out of patience lol

Market is down and though the technicals are bearish, it's nice to see AMD holding $4 in spite of it all. Something is coming. Up or down, this will be good for me.

A close above $4.00?

No support test or dip to even $3.50? Not even to $3.90 today?

You're telling me that AMD being in all 3 major ballgames this holiday season, restructuring their company, support holding at its price when the rest of the market dipped, and inevitably strong earnings reports in the future are all good things?
And now Apple using the GPUs?

I would say "close, but no cigar" but it wasn't even close to $3.50. But I do respect the ability to read charts.

I'll stick to my long position and good news to power my plays. Train's taken off. Tonight at 8 p.m. EST is the Sony E3 Conference. Let's see some graphics heavy games that use expensive and profitable chips and numbers (for both AMD and SNE)!

As I have said before in my last post.

Everyone is entitled to their own opinion, but saying something WILL or WILL NOT happen? Come on now... We should all know better than that.

We WILL NOT be seeing $3.50 in my opinion.
No attack on anyone, but just my thoughts.
If we didn't see $3.50s for the past 2 weeks, we won't see it anymore.
Everything is lined up for AMD to go up from here. It has too good of a support at $3.80.
Before we even think about $3.50s, why don't we try to aim for $3.75 or $3.66 first...

Haha yea. That's why I said... don't expect a dip to last longer than a week (or 3 days) with the amount of buying volume that will flood in, and the shorts will be backing off around then (they'll get their fill, but get swallowed the moment the tides turn), then there's the whole E3, news, reports, etc.

I'm holding long from $2.30-$2.50, will add more IF it dips. Chart technicals are good to consider, but if all chart technicals were exact, I'd be a billionaire. Unfortunately, they're not.

Let's all make money together and play smart :)

Any thoughts on this going into the next week with E3? I feel like we're looking at a limited time sale price of $18.80 for now.

Either way, next week should be pretty interesting. E3 Conference to reveal PS4 and what its capable of, Xbox One to discuss their games and show off their graphics prowess.
Let's hope they use expensive chips, cheap to manufacturer though lol...
If it drops to the mid-low $3, it will be for less than a week. Dare I say less than 3 days even, to pull back up to the high $3 to $4 range. And with the buyers and attention it pulls in at that time, we could see a nice pop to mid $4s.
All my opinion and analysis on AMD of course.

I guess no $7.20s today :/
This thing built some support at 7.60s somehow. Lolwut

Same here. But I've got a couple bucks lying around, so why not hold some, scalp some in that range? Majority of my shares are long though until news hits.

Lol darn. I was hoping you'd give me the answer to becoming rich. Worth a shot I suppose.
This thing balls around 7.20-7.70 even in a single day.
That drop could turn around any second. Especially since its been closing higher.

But would we be pulling back down under 7.20? I know yesterday after open it tanked to the $7.20s and just went up from there to close at $7.68.

Almost $35K over here. Added from back when it was considered a penny stock. I have a good team of people to thank for getting me on this. Just didn't think it would do this well. Was planning to get out at $4 LOL

CHOO CHOO
$8 TRAIN... ALL ABOARD

Let's break past those 6.80s and on to 7s...

Reasonable, I did not mean to offend or attack you.
I was referring to posts like this:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88354540

where it was wrong, and had no basis or reason behind why you would have thought so. Emotions play a big role in the market as much as we hate to say it.
My apologies either way.

Your recent post was very well put together. Now I see what you mean. But in my opinion and watching the resistance and support points, I think we have a strong support at this point. We may see dips to $3.75 for a day or two, but don't think we'll drop anymore under that.
Look at the chart from around 2001/2005. Leading up to holiday releases of consoles and earnings reports releases, AMD had been stable and steady in the same price range for months before it really performed in the market.

User Reasonable has been pretty unreasonable and wrong.
Remember folks, make sure a user backs up his thoughts with evidence that can be validated (news articles, official filings, earnings reports, historical charts, etc) before believing anything.
Anyone can say "it will dip because it's supposed to."
Don't sell yourself short, and don't short yourself on a sell.

On topic: I would not rule out $40 share prices just yet. Earnings are much greater for AMD as they've ever been. But one thing to consider is the value of the dollar, inflation, etc.
Estimated $9B in revenue is no joke, but it's not the same as $9B 10 years ago.
See AMD historical charts when PS2/PS3 was released on holiday of year 2001/2005 I believe.
Also, the reason AMD is lower than ever before is due to its bad past year and failing PC market of buyers. You have Microsoft's Windows 8 to thank for that somewhat... See MSFT for the past year as well before Xbox One news started to spread.
Either way, $9B is no joke to AMD. Almost 3 times their market share.
With inflation, but the heavy volatility in the market, AMD can still hit $30 a share. But $40 less likely but possible, and $50 is a long shot in the dark. See historical charts.

I understand dips and pullbacks happen in the market, but I don't expect AMD to drop under $3.80. Too much going on in the upcoming weeks, too many buyers, and shorts will eventually get tired of losing money.

Market hasn't even opened, but you got a good laugh out of me.

So many things changed over the weekend, short interest decreasing, estimates on revenue of $9B, change in ratings, projected runs to $5 at least, and its opening +2%.

Test $3.80? Lol.

Market correction? More like "sale." The reversal has begun...in the positive direction lol
AMD has a good handle on what it's doing.

Let's sum a few highlights up so far:
Some new exec from Apple bringing some knowledge.
Tablet and mobile processing underway.
New processors use true, physical cores (unlike Intel's virtual).
PS4.
Xbox One.

See Nov-Feb 2001-2002, and 2005-2006.

I would expect Sony and Microsoft to start signing contracts, and paying out by then if they want to push the new consoles out by the holidays. That should also reflect in Q3/Q4 and Q1 2014 earnings.

When are we expecting Q1/Q2 earnings report?