is...a Libertarian
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The high vol in AMD provides an opportunity to make money regardless of which way you think the underlying stock is headed. For example, you can sell the Feb 30 calls for $1.05. which would protect you down to $28 and give you an approximate 7% return over 2 months if exercised. Alternatively, if you thought AMD was headed lower, you could sell the Feb 25 calls for 4.70. This would give you 70 cents of upside and protection down to $24.30.
Bottom line is high vols are good for options sellers and a good way for you to generate income in your portfolio.
Looks like AMD is breaking out today on good volume (5+ million shares traded in the first hour and a half). Sooner than I expected (see post last week), but I am not complaining. Spansion is holding up well in the $13.50+ range.
Rink, that's true, but why should we expect that Intel can produce these out of the box? It took AMD years to scale their frequency and the use of SOI, etc.
As we saw with netburst, scaling isn't as easy as everyone thought even with a process shrink (130nm --> 90nm).
Keith on what basis are you confident that INTC will yield 30% frequency increases on their yet to be delivered 65 nm parts? Historically this has not happened for either INTC or AMD.
I will sell the $12.80 shares early next week. I will hold on to the rest for at least a quarter or two, unless my protective stop at $13.00 is hit.
No, I bought in at $12.17 and more at $12.80.
Can't complain. A good return so far.
A good buy.
I bought my SPSN shares today. Since trading opened so close to the offering price, I expect the shares to get a little pop as the flippers are rotated out and the shares move into stronger hands.
If SPSN share price>book value then at book value
IF SPSN share price<book value then at SPSN share price
The equity accounting method principally relates to the P&L statement. For the balance sheet, I believe the assets are recorded at historical cost less accumulated depreciation and amortization and adjusted for profit or loss. The SPSN share price will have no bearing on the minority participation except if it falls below the net investment amount. Assets are recorded at the lower of cost or market (market being the share price). Translated there is no upside, but there is downside.
The goal of the underwriters is to have the post IPO shares trade strongly and above the issuance price. I think given the relative weakness of tech recently (post TXN and INTC mid-quarter updates), the offering could be considered a success. The buyers thin out this time of year and if they had not got it done this week, it would have been put off until January.
I think like Freescale, the IPO was priced to let investors profit. If I can buy in at $12 tomorrow I will be a buyer.
The SPSN shares will be accounted for under the equity method going forward.
AMD Aims for Quad-Core Opterons
Advanced Micro Devices has added a new quad-core server processor to its road map. The new processor design, similar to the core used by the company's Opteron and Athlon 64 processors, will debut in 2007.
The processor will incorporate four cores connected together by a new version of the hyper transport interconnect technology and will support DDR3 (Double Data Rate 3) memory, said Phil Hester, vice president and CTO of AMD, during the company's analyst meeting last week.
The server version of this chip will add a third level of cache memory to AMD's processors, allowing server designers to build systems with 16 and 32 processors.
AMD also said it will make relatively modest changes to its Opteron and Athlon 64 processors in 2006.
The company will add support for DDR2 memory with the introduction of a new processor in the middle of 2006. That chip will also use a new socket technology, which uses a different pin structure than the sockets currently used on most Opteron and Athlon 64 processors.
The new socket design will allow customers who buy Opteron servers with the new mid-06 chips to upgrade to the quad-core chips without buying a new server.
The 2006 dual-core chips will also introduce AMD's Pacifica virtualization technology and its Presidio security technology into AMD-based systems.
http://www.toptechnews.com/news/AMD-Aims-for-Quad-Core-Opterons/story.xhtml?story_id=032003A1CSM8
Was the longer than standard lead times due to pent up demand or to a slow supply ramp? In any case I think Sun has a compelling portfolio right now and I have bought Sun stock.
Katie, you are the source of so much amusement today.
Remember the old joke where someone would point at your shirt and say you got a spot there. When you looked down, they would lift their hand and tweak your nose.
Seems like you still enjoy that old joke. LOL.
Oh yeah, Merry Hoildays
ROFLMAO
I think I'm doing just fine
Yes, I imagine you do. LOL.
Oh yeah, Happy Hoildays.
ROFLMAO.
I knew you would be that daft.
ROFLMAO.
Ohhh, another good one Katie. See you can hold your own with the other kids.
LOL.
LOL. Would that be a professional diagnosis? I think I will be chuckling for quite a while.
Katie, hon, if at first you don't succeed, try try again.
LOL.
I can spell (obviously not your forte :)
ROFLMAO
Merry Hoildays.
I haven't had this good a laugh in a long time. I think I will be chuckling about this all day.
I never knew what happened to those witless kids who were the object of other children's quips. Those kids whose best and only retort was to parrot back whatever jibe or witticism that was hurled at them. When other kids not involved started laughing louder, they thought they had really scored. Unfortunately they were too slow to realize that the other kids were laughing at them.
Thanks for assuaging my curiosity.
With the IPO pricing tonite, there still isn't a lot of buzz being heard about Spansion.
Katie, hon, good one.
One day, if you are really good, I will explain it to you. In the meantime we can all sit back and have a hearty laugh.
No you are the one the mentioned that since I have posted on ihub that Intel's stock price has declined.
You must be incredibly slow. Here is a hint: pick up a grade school English text and look up "inference". Next, pick up a introductory investors guide and look up "throwing good money after bad". One day you might get a clue, but in the meantime I guess allowances have to be made for the heavily medicated.
By the way, is English your second language?
BTW, do you wear a foil hat when you post??? Inquiring minds want to know :)
Back to the transference I see. A better shrink and more effective meds are the way to go.
While I am important to some, my posting on Intel ihub in no way influences the stock market - except to the foil hat group I guess
So now you think a causal relationship exists between you and Intel's stock price -- really lay off the sauce or up the meds. To reiterate the observation -- since you have been here, investing in Intel stock has been a money losing proposition. I guess that would be enough to put anyone into a perpetually pissy mood.
Not so hard, huh? LOL.
You still don't get it. I don't think you ever will.
LOL.
Too subtle for you, huh?
LOL.
Psychologists call it transference, but it isn't reality. To recap -- since you joined iHub Intel has fallen more than 30% and AMD has risen more than 40%.
I know you want to believe that AMD investors are losing money, but it ain't true and hitting the hard stuff does not make it so.
I haven't looked at the offering, but I imagine they are just arbitraging the market. Some banker approached them and told them they could tap a new pool of investors and improve eps at the same time. Simplistically, interest expense from the offering will be less than interest earned from the cash.
If Intel decides to use the proceeds to buyback shares, it is just another spin on a derivative transaction in which they are essentially pocketing the premium.
Unfortunately, you can't find any around here -- not since you joined iHub. Now loser Intel investors betting their future, I bet there are a lot of them.
Hey whatever lifts your skirt. And only in your sure. :)
As long as we are quoting, I think the appropriate one would be:
"Hell hath no fury like...
Tenchu, get with the program. Cramer prefers AMD to Intel.
Your welcome.
Since you admit to your actions, maybe you can enlighten us as to your motivation. Is it that you are just generally an irritable person or is it jealousy based on the fact that since the date you joined iHub, your investment in Intel has declined by more than 30% (I hope you didn't have your retirement funds invested) and AMD has gone up by more than 40%? Or would it be more in line with Chipguy's speculation?
The truth is an affirmative defense to liable. Also, public personalities are not protected to the same degree as private individuals.
Nice try though.
Joe was right, you like to insert yourself into conversations for no reason other than to start flame wars. Bravo.
GM has a lot of cash, but they have a cost structure that can consume a lot more cash. Their problems are systemic. They have to recover $1,500 from each car they sell just to pay for the gold plated medical benefits that they have foolishly agreed to in years past.
This problem isn't unique to GM. All the large unions business in the US have had or will have restructurings. The airlines are currently in the process. Four of the five largest airlines having entered bankruptcy and the fifth restructured out of court. The steel industry has had their woes in years past.
This is a union problem in that once the union gets a concession, they will never give it up -- unless a sledge hammer is held over their heads or they are forced to in bankruptcy.